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Saudi Construction Sector: A Sleeping Giant Awakes
- June 5,2012
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- SUSTG Team
Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector. Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP. It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]
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Saudi construction sector ‘most buoyant globally’
- May 24,2012
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- SUSTG Team
Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors, Deloitte Middle East’s annual report “GCC Powers of Construction: Five Lessons to Learn From” released Wednesday said. The Deloitte report showed that there is imminent growth in the Saudi Arabian construction […]
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Saudi tops in job creation in GCC
- April 9,2012
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- SUSTG Team
The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey. The oil and gas industry, healthcare and retail sectors enjoyed the largest headcount expansion in 2011, while banking and construction fared the […]
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MUST-READS
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Foreign WorkersSaudi Construction Woes Leave Indian, Pakistani Workers Stranded
Nearly 16,000 Indian and Pakistani workers have been abandoned in camps in Saudi Arabia without food and water or visas to exit the kingdom after a slowing economy forced companies to cut jobs.
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Construction in Saudi ArabiaSaudi Arabia construction market has dropped 80 per cent, says Al Khodari chief
The chief executive of Saudi Arabia’s only publicly traded builder has estimated that the construction market in the kingdom has shrunk by as much as 80 per cent. Fawwaz Al Khodari, the head of Al Khodari & Sons, also revealed the contractor has avoided bidding on some government projects because of payment delay concerns.
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Hospitality and TourismSaudi has most hotels under construction in MENA
Saudi Arabia has the most hotels under construction in the MENA region, according to hospitality analysts STR as cited by Arabian Business.
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Construction in Saudi ArabiaSaudi Arabia’s Construction Industry to Benefit from Multi-Billion Dollar Railway Investment
As a result of booming infrastructure development in Saudi rail and airport development, the Kingdom’s construction industry is predicted to grow at a rate of 7.05 percent annually until 2020. In 2015, Timetric reported a growth rate of 6.35 percent in Saudi Arabia.
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Six FlagsSix Flags in Talks with Saudi Government for Future-Construction of Theme Parks
Theme park chain Six Flags Entertainment Corporation said it was in direct discussions with Saudi Arabia to pursue developing amusement parks in the Kingdom.
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GCC Airport ConstructionGCC to pump $100bn into airport construction projects
Comfortable airport terminals will be key for growing the number of passengers in the GCC, stated Hunter Douglas, the international airport consultancy based in The Netherlands.
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RailwaysSAR to take responsibility for Saudi rail construction
SAUDI Arabia's minister of transport Mr Suleiman Al Hamdan has been appointed head of Saudi Railway Company (SAR), which the government has decreed will now become responsible for all new line construction projects.
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HousingConstruction of 4,800 EP houses halted
The Ministry of Housing has stopped the Housing 2 project in Dammam, which includes the establishment of 4,800 housing units further notice.
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Construction ProjectsSaudi, GCC construction projects in pipeline valued at $2trn
Construction projects planned for the Gulf region are valued at $2 trillion, with Saudi Arabia having more than 38 percent of those in the pipeline, it has been announced.
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Qatar World Cup 2022Construction costs of US$ 8 bn-US$ 10 bn required for 2022 FIFA World Cup stadiums’ development
Qatar will require between $8bn (QAR29.1bn) and $10bn (QAR36.4bn) in construction costs for its 2022 FIFA World Cup stadiums’ development, Hassan Al Thawadi, the secretary-general of the Supreme Committee for Delivery and Legacy (SC), said.
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