Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

SAUDI ARABIA

Saudi Construction Showing Strong Recovery, NCB Says

The Saudi construction sector will show a strong recovery in 2010, thanks to government spending in key projects last year and a revival in confidence and bank lending to the sector, National Commercial Bank (NCB) has said in a new report. The construction sectors share in the kingdoms non-oil GDP is this year expected to reach an all-time high of 10.41%, NCB said in its Saudi...