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Published: 28-05-2020
The economy has suffered due to tumbling oil prices and recent outbreak of the corona virus. On 19th March 2020, the government agreed on cutting US$ 13.32 bn, representing less than 5% in its 2020 budget, in areas that have the least social and economic impact. The cut in spending and ban on restrictions could have severe consequences for KSA's construction industry, with new large scale infrastructure, retail, and hospitality projects under threat. However, the Finance Minister has said that the government has considerable ability to diversify sources of financing between public debt and government reserves to adequately tackle the emerging challenges. Therefore, these measures are expected to help KSA’s construction industry for 2020.
Our Ventures ONSITE report on KSA construction market provides the trend in the Kingdom’s construction sector, contractor awards and projects. The data and analysis will help contractors and investors identify market opportunities and strategies in the wake of the current market situation.
Ventures Middle East's Advisory Services Division provides you with in-depth strategic consulting services including:
