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Saudi Arabia’s awarded projects hit SAR 30 bn in May, targeting long-term developments
Infrastructure took the lead with more than SAR 25 bn awarded across 10 projects
Construction index crosses back into growth territory in May
The headline seasonally adjusted index rose to 51.2 from April’s 48.5
Makkah awards SAR 13.3 bn development contracts
The projects span six sites across South Jurhum, Al Khalidiyah, Al Hajlah, East Hindawiyah, South Hindawiyah, and West Hindawiyah
THIS MORNING: Mukaab’s next phase to move forward?
PLUS: Aramco raises LPG prices for June
Madinah props up contract awards in April
April was the busiest month so far this year by project count
Construction Index climbs 2% in March
Labor, machinery, energy, and materials all surged in March as Hormuz’s effect hit the numbers
New rules clear path for Egyptian contractors to join Saudi housing and utilities market
25 Egyptian firms have already been cleared as Saudi expands its supplier base for local projects
War jitters hit Saudi tenders as March awards slump
Only 25 major contracts worth USD 11.8 bn were awarded during the month
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