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Saudi Arabia at the forefront of global construction trends -Versatile International
Local construction professionals peg AI, sustainability, and regional supply chains as the major trends shaping the industry
Construction costs climb in 2024 amid rising demand and supply challenges -Stonehaven
The sector could face cost hikes of up to 7% thanks to global tariffs and high demand
Gigaprojects look at more prudent budget allocations
Please spend responsibly: Gigaprojects in the Kingdom are now shifting to a more “prudent” approach to spending as the government…
Diriyah signs USD 1 bn contracts with Italian + French firms
More global investors are growing interested in the project, CEO says
A new milestone
Some USD 164 bn in contracts relating to the projects have been commissioned so far
IMF’s Azour says a review of gigaprojects is both welcome and natural
Azour says any recalibration as part of a “classical revision” of medium-term strategy would be welcomed by the lender.
Saudi leads GCC in 2Q 2024 awarded project value
The value of oil projects awarded by Saudi in 2Q jumped to USD 8.5 bn
Heat-related hajj deaths are still driving the conversation on Saudi in the global press
The BBC is the latest to hop to note chatter about a possible “scaledown” at some gigaprojects
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