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S.Arabia: Value of construction contracts reaches SR84.2 bln in H1

Posted on 15 August 2011

The remarkable value of awarded contracts during the first quarter continued into the second quarter as SR34.5 billion in contracts were awarded. The value of awarded contracts reached SR84.2 billion by the end of the first half of the year, indicating that 2010’s total value of awarded contracts is likely to be surpassed this year, according to the National Commercial Bank Construction Contracts Index Second Quarter 2011 released on Saturday.

The government’s focus to fulfill its citizen’s demands for improved infrastructure capabilities played a significant role as more than 31 percent of the value of awarded contracts during the second quarter were directed toward infrastructure related sectors……………………………………….Full Article: Source

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