Saudi Arabia's construction sector is expected to achieve 5.4 percent growth this year, buoyed by elevated government spending into social and economic infrastructure.
The development of six economic cities is already underway to advance the Kingdom's diversification and investment plans and ensure a better quality of life for residents.
Business intelligence firm BMI identified power plants and transmission and distribution (T&D) as the Saudi construction industry's most dynamic subsectors, noting that $80 billion has already been allocated for a 10-year electricity infrastructure plan that will extend to 2018.
Commenting on the prevailing market conditions, Drake & Scull International PJSC (DSI) – a regional market leader in integrated design, engineering and the construction disciplines of civil contracting ,mechanical, electrical and plumbing (MEP), water & power, rail and oil & gas – said the situation opens up numerous opportunities in MEP, civil contracting, and water and power projects.
The Saudi Gazette
Jun 17
