Construction Activity Index News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The latest Global Construction Monitor, issued by the Royal Institution of Chartered Surveyors (RICS), revealed that the Construction Activity Index in Saudi Arabia showed the strongest results in the world. The monitor is a quarterly guide to the trends in the construction and infrastructure markets. The index in the Kingdom recorded a 69 percent reading in the third quarter of 2023, up from 63 percent in the previous quarter.

Saudi Arabia's construction sector is expected to witness strong levels of activity in the coming year despite mounting concerns over cost of materials, labour shortage and financial options available to developers, according to top construction experts.

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Middle East Construction Activity Flat in Q4 Published February 4th, 2021 - 11:15 GMT The RICS Construction Activity Index for the Middle East and Africa was seen at -10% in Q4, up from -11% in Q3 and -40% in Q2. (Shutterstock) Construction activity in the Middle East was broadly flat in the last quarter of 2020, but there are clear signs of growth in areas such as ICT and energy infrastructure, according to the latest RICS Global Construction Monitor. The RICS Construction Activity Index for the Middle East and Africa was seen at -10% in Q4, up from -11% in Q3 and -40% in Q2.