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Article: Saudi Arabia: Saudi construction industry valued at USD 23.39 billion.
- Article from:
- TendersInfo
- Article date:
- August 18, 2009
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Byline: pinto03
The Saudi Gazette reported that Saudi Arabia's construction industry will grow by 0.05% in real terms to reach a nominal value of SAR 87.23 billion. As per report, a growing Saudi population has ensured that there is a continued need for infrastructure development.
The transport sector is one of the key areas being overhauled in the Kingdom with plans in place to develop a national and regional rail network.
The largest contract thus far was awarded in February 2009 for the construction of the Haramain high speed railway linking Makkah and Medina via Jeddah to Al-Rajhi Construction Group, France's Alstom and China's Railway ...