Saudi construction market at USD495 b

(MENAFN) Saudi construction market reached USD495 billion and became the most valuable market across the GCC, according to Arab News. A number of local companies will showcase their technologies and creativity through their productions at the Big 5 2013. Andy White, group event director of the Big 5, said: "The construction industry in Saudi Arabia has been one of increasing significance for several years. We see interest from Saudi companies looking to highlight local market expertise and experience, as well as interest in Saudi market opportunities and expanding business in the Kingdom. This has been a country whose presence has grown year-on-year at the event, and as the highest recipient of FDI in the region over the past 20 years, and with six economic cities, transport, power and oil and gas facilities currently under construction, we expect this trend will continue."