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16-01-14

Construction sector in KSA to USD300b 2016

(MENAFN) The value of the Saudi construction market is expected to hit USD300 billion in 2016, Arab News reported. The construction and building sector ranks second in the Saudi economy after the oil sector as contributed 16.5 to the gross domestic product (GDP) in 2012. A study by Jadwa Investment said the construction sector expanded 5.7 percent in the third quarter from the same period a year before, but down but down 6.5 from the second quarter of the same year.