Arab Today, arab today saudi construction sector set to see 4 growth to 2015
Last Updated : GMT 18:24:53
Arab Today, arab today
Arab Today, arab today

Saudi construction sector set to see 4% growth to 2015

Arab Today, arab today

Arab Today, arab today Saudi construction sector set to see 4% growth to 2015

Riyadh - Arabstoday

Saudi Arabia\'s construction industry is set to grow by an average of about four percent to 2015, and will be driven in part by low cost residential housing, Business Monitor International has said. Analysts said they anticipated that housing will increase as a proportion of total construction spending over the coming years as the kingdom bids to meet the huge and growing housing deficit which is impacting its young and expanding population. Underpinning this will be the government\'s pledge to invest half of the $133bn in social spending measures - announced in March - on housing, BMI said in a new report. The report said a $1.3bn housing project that will see 30,000 low cost homes built in the kingdom over the next five years will provide welcome new supply - in a country where the dire lack of affordable homes. In March, Saudi Arabia\'s government announced a raft of social spending measures which included a pledge to build 500,000 new homes over the next few years. BMI said that anchored by vast public spending, it believed that the kingdom\'s residential construction sector will be a \"regional outperformer over the short-to-medium term\". The latest data from Saudi Arabia\'s Construction Contracts Index (CCI) revealeds a 156 percent jump in the value of contracts awarded in the first half of 2011 compared to the equivalent period in 2010. \"The surge in activity is even more notable given the political events and popular unrest that have swept across the Middle East and North Africa (MENA) region since the start of the year,\" the BMI report said. \"While Saudi Arabia did not escape scenes of unrest and simmering tensions remain, the government\'s \'iron grip\' and ability to spend its way out of trouble have largely shielded the kingdom\'s construction industry,\" it added. Analysts said that with ongoing political uncertainty in Egypt and Bahrain likely to make investors think twice before embarking on major construction projects, investor focus on the kingdom is likely to intensify in the near-term.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi construction sector set to see 4 growth to 2015 Arab Today, arab today saudi construction sector set to see 4 growth to 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi construction sector set to see 4 growth to 2015 Arab Today, arab today saudi construction sector set to see 4 growth to 2015

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday