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20-02-14

Saudi construction sector to reach USD298 b in volume by 2016

(MENAFN) Investments' volume of Saudi building and construction sector is expected to hit USD298 billion worth by 2016 compared to the current USD199 billion, according to Arab News. Basic building materials, including cement, rebar, water tanks, doors and windows, are easily found in the local markets. However, items like certain electrical and sanitary are not easily available. The construction sector provides a good number of job opportunities, and is second in terms of contribution to the gross domestic product (GDP) after the oil sector.