Government鈥檚 public building programme proceeds apace despite global slowdown

The government of Saudi Arabia has handed out 拢10.5bn in construction contracts in the past six months.

In 2009, the Arab state launched a five-year spending plan averaging an annual 拢52bn, designed to enhance the infrastructure and oil facilities of the world鈥檚 top oil exporter.

The massive Saudi construction programme is also designed to counter the repercussions of the global financial crisis in what is still a little-diversified economy.

Of the construction contracts, according to arabianbusiness.com, 拢1.8bn was spent on roads, telecommunications and education facilities, 拢1bn on water and sewage projects, and a 拢1bn on town and village developments.

 

Topics