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Investor Relations
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FinancialNews
05-02-22
Expectations for Saudi construction sector to hit high levels
(MENAFN) Based on the most recent RICS construction monitor for the last three months of 2021, Saudi Arabia is predicted to register robust activity records in the construction field in the upcoming year in spite of rising worries around the price of materials, lack of workers required to deliver projects and the financial choices available to developers.
Regarding the amount of work for the last quarter of 2021, RICS stated that more than 60 percent of respondents kept on registering raises in demand for construction labor.
Infrastructure works are witnessed to be the major factor for the raise in the amount of work, with a net balance of +82 percent of respondents registering an increase, probably pushed by Vision 2030.
MENAFN05022022000045013568ID1103645023
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