The total value of awarded contracts in Saudi Arabia for the first quarter soared to USD 32 bln, thus recording a 79pct growth over last year while on a quarter-on-quarter basis, the value of contracts grew by 35pct, according to a report by the US-Saudi Business Council (USSBC).
Sector-wise, the oil and gas sector received the lion’s share of contracts worth USD 13.7 bln followed by real estate which climbed to the second spot with awarded contracts worth USD 6.5 bln and the water sector at the third spot with USD 6.4 bln contracts.
