Friday, September 19, 2008

Saudi Construction Projects in Excess of $460 Billion

Projects in excess of $460 billion (SAR1,725 billion) are currently underway in Saudi Arabia, placing the Kingdom on the verge of an unparalleled construction boom, says a report by National Commercial Bank.

This value figure, however, is a moving target, as projects are announced, rescoped or cancelled on a daily basis. Nonetheless, expectations are for more projects to enter the pipeline, it adds. ...

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