KSA Construction Market
|Title: KSA Construction Market|
|Published on: 02-04-2019||Price: $0.00|
KSA’s Ministry of Finance announced the 2019 budget on 18th December 2018. KSA plans to increase state spending by 7% in 2019 to spur economic growth that has been impacted by low oil prices. Spending is projected to rise to an all-time high of US$ 295 Bn.
In 2019, expenditure is planned to be focused on ensuring efficiency of operational expenditure whilst increasing capital investment in new infrastructure initiatives to strengthen the economy, according to
A plethora of privatisation deals in KSA is expected to raise US$ 10 Bn by 2020 as the kingdom surges ahead with its economic transformation plan, according to Hogan Lovells. The private sector is expected to play a wider role in infrastructure development, funding, financing and operations. Therefore, the government has adopted a policy of procuring infrastructure projects through a private public partnership (PPP) mechanism. KSA’s potential as a global transport hub has led to the development of major infrastructure projects
focused on connecting cities, thereby providing opportunities for private and foreign investments.
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