All trends point to massive investments in Saudi Arabia's construction sector, with billions of dollars of investment still to come in real estate, industry and the hydrocarbons sector.
Oil revenue surpluses are boosting the government budget and overall spending. In 2007, the Saudi government allocated more than $42 billion for various projects and programs in its 2007 budget.
In the private sector, investments in the industrial sector, especially in petrochemicals, will require construction investments reaching more than $500 billion over the next 10 years depending on the project and construction time frame. Like the rest of the Gulf, the kingdom's construction boom has reached unprecedented levels in 2006 and expected to gain more momentum in 2007 and beyond.
-Export.gov
Anyone know a Saudi construction company that trades on the US stock exchage?
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