BMI View: Saudi Arabia’s construction sector is experiencing a boom period driven by all sectors of the infrastructure and non-residential building industries. Over the near term we have revised up our growth outlook for the construction sector, driven by continued strong activity anticipated in the energy sector. We also expect a pick-up in investment into residential construction, as the mortgage law moves closer to approval and commitment is reiterated to the SAR250bn housing plan through policies to enable the release of land. Risks remain in terms of costs, labour shortages and public institutional inertia which threaten to delay the project …
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