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Industry News- Article 21


Saudi Arabia’s construction contracts rose 35% to over $51bn in 2022

The top-performing sector was real estate, followed by power, according to the latest US-Saudi Business Council (USSBC) report.

The total value of contract awards in Saudi Arabia in 2022 reached about 192.4 billion Saudi riyals ($51.3 billion), a 35 percent surge year-on-year (YoY), the US-Saudi Business Council (USSBC) said in its latest report.