Saudi Arabia's building spree shows no signs of slowdown

PROJECTS WORTH $148 BILLION AWARDED IN FIRST HALF OF 2024, UP 4.6%

- BY MANOJ NAIR Business Editor

The construction sector in Saudi Arabia shows no signs of slowdown — at least based on data from the first six months of 2024.

Project awards across multiple sectors totalled $148 billion, up by 4.6 per cent, according to new updates from the consultancy Knight Frank.

This puts the Saudi construction sector to continue on the growth path and reach a value of $191 billion in 2029, according to the company.

Economy on solid footing