Saudi Arabia’s construction sector will gain momentum in 2023 as a result of some of the kingdom’s gigaprojects, according to a local report.
The Saudi construction sector swelled by around 4.6% in 2022 and is projected to grow by nearly 4.7% in 2023, as reported by the Saudi financial research firm Jadwa Investment.
The increase of about 1.3% in 2021 came as a result of construction projects amounting to $20.8 billion during 2022, with various sites around gigaprojects also going forward.
