Construction

KSA agrees $533mn municipality projects

Minster of Municipal and Rural Affairs signs 29 contracts for construction of various projects across the country

The Saudi Arabian Minister of Municipal and Rural Affairs, Prince Mansour bin Miteb bin Abdulaziz, has signed 29 contracts worth $533.3mn, for the construction of various municipal projects, it was announced on Sunday.

The contracts will cover projects across the Kingdom, including various regions such as Makkah and Riyadh, the Eastern Region and the Governorates of Jeddah and Ahsa.

Saudi Arabia has allocated vast amounts of financial resources to projects aimed at developing the infrastructure of the Kingdom.

The Kingdom’s construction sector is expected to achieve 5.4% growth this year, driven by increased government spending on social and economic infrastructure.

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