As industries around the world increasingly turn towards environmental, social and governance (ESG) strategies to support their recovery from the Covid-19 pandemic, focus is sharpening on sustainable construction in the Middle East.
Saudi Arabia Construction
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Economic update | Saudi housing market under pressure
22 Dec 2014
House prices in Saudi Arabia are expected to rise further on the back of high demand for homes and a slow rollout of developments, with figures suggesting housing requirements will continue to outstrip supply even as new projects reach completion.
Major infrastructure projects and extensive plans to galvanise residential construction have fuelled demand for building materials in Saudi Arabia, prompting the government to intervene in the cement market for the second time in as many years. Steel, another vital building material, is also experiencing consistently high demand in the Kingdom.
Economic update | Saudi Arabia: Building boom
1 Feb 2012
Saudi Arabia’s construction industry has been forecast to be one of the Kingdom’s best performing sectors in 2012, with an increasing flow of state contracts coming its way. However, bottlenecks in the materials supply chain and high demand for labour and resources could push up prices.