Saudi construction spending reaches $12.3bn in Q1 2022: US Saudi Business Council
CAIRO: The value of construction contracts awarded in Saudi Arabia reached SR46 billion ($12.3 billion) in the first quarter of 2022, signaling a robust start to the year, according to a US Saudi Business Council index which tracks spending in the sector.
The USSBC Contract Awards Index grew to 212.31 points in the first three months of the year, meaning the Kingdom’s construction activity is expected…