Archives

Home

Media Center

Financial News

22-05-14

USD128b Construction projects to be completed in 2014 in Saudi

(MENAFN) Construction projects across all building sectors in Saudi Arabia are expected to increase by 92.06 percent this year compared to 2013, according to Arab News. Construction projects worth USD128.46 billion in the Kingdom are expected to be completed this year. Expenditure on interiors and fit-outs are predicted to reach USD9.57 billion, or 29.63 percent higher than was spent in 2013. The medical sector counts for 24.43 percent of total market worth, followed by residential sector at 23.34 percent, while hospitality sector at 22.64 percent.