saudi construction contracts hit 224bn in h1
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Saudi construction contracts hit $22.4bn in H1

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleSaudi construction contracts hit $22.4bn in H1

Riyadh - Arabstoday

Construction contracts totalling SR84.2bn ($22.4bn) were awarded in Saudi Arabia in the first half of 2011, it was revealed on Tuesday.The NCB Construction Contracts Index said contracts reached SR34.5bn in the second quarter, a drop on the first quarter.April was the second quarter\'s strongest performing month with contract awards valued at SR16.4bn, led by the power and residential real estate sectors, the index showed.Both May and June saw a significant dip with values of SR9.3bn and SR8.8bn but the index added that the outlook for the kingdom\'s construction industry was strong.It said that 2011 was likely to outstrip the previous year\'s total value of awarded contracts, driven by the government\'s focus on meeting its citizens\' demands for improved infrastructure.More than 31 percent of the value of awarded contracts during the second quarter were directed towards infrastructure related sectors while the residential real estate and power sectors garnered 26 percent and 23 percent respectively.The SR84.2bn in awarded contracts during H1 2011 represented a 156 percent increase compared to the same period last year, the index showed. \"This reflects the robustness of the construction industry over the past six months in particular as the initiatives from the annual budget and King Abdullah\'s royal decrees are currently being implemented,\" the index added.In terms of geographical break-up, Riyadh accounted for the highest portion of awarded contracts by value with a 26 percent share followed by the Eastern Province and the Makkah and Madinah regions. From / Arabian Business News

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi construction contracts hit 224bn in h1 saudi construction contracts hit 224bn in h1

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 09:46 2017 Sunday ,27 August

Norway fines tourist guide for scaring polar bear

GMT 07:33 2018 Monday ,08 January

CIA chief denies agency role in Iran unrest

GMT 08:55 2017 Tuesday ,15 August

Shares of Fiat Chrysler surge

GMT 00:09 2017 Friday ,27 October

Alphabet quarterly profit climbs

GMT 09:53 2017 Saturday ,08 April

Mexico inflation hits new seven-year high

GMT 18:28 2012 Friday ,09 March

All balanchine

GMT 07:09 2015 Friday ,11 December

Syria government scrapes barrel

GMT 15:57 2017 Tuesday ,24 October

2018 Olympic torch ceremony hit by poor weather

GMT 03:22 2017 Wednesday ,02 August

At least 29 killed in Afghan Shiite mosque attack
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle