MEED | The Line outlines upcoming construction packages
The structures for the first modules will be split into shell and core packages
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The structures for the first modules will be split into shell and core packages
The largest component of this spending drive is the transmission sector
The largest investments involve three liquids-to-chemicals (LTC) complexes
Saudi Arabia has launched a platform that qualifies contractors and provides services and facilities to enable them to obtain pre-qualification according to technical evaluation criteria. The new platform will contribute to providing a highly reliable indicator for companies affiliated with the Public Investment Fund to implement construction projects in cooperation with the private sector.
RIYADH: The construction sector, valued at over SR255 billion ($68 billion) accounts for 6 percent of the gross domestic product of the Kingdom, according to the chairman of Saudi Contractors Authority. Speaking at the Builders of Egypt Forum in Cairo on Sunday, Zakria Al-Abdulqadir said the construction sector is the second-largest non-oil sector in Saudi Arabia. The official