A SAR 5 trillion construction boom Mega projects and localization of the building materials industry

Saudi Arabia is investing SAR 5 trillion in construction projects and localizing the building materials industry.

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The construction market in Saudi Arabia is very large, with announced projects estimated at $1.3 trillion, equivalent to 5 trillion riyals.

Khaled Al-Hajri, vice president of the construction sector at the National Center for Industrial Development, said that the construction market in Saudi Arabia is very large, with announced projects estimated at $1.3 trillion, equivalent to 5 trillion riyals. During his interview on Al-Ikhbariya channel, Al-Hajri stressed that the size of the projects being implemented is very large, stressing that the construction market in the Kingdom is active, and the Kingdom is working to localize the manufacture of new building materials, which does not mean establishing a new factory but creating an integrated system.

The vice president of the construction sector at the National Center for Industrial Development said that the construction market in Saudi Arabia is very large. The vice president of the construction sector at the National Center for Industrial Development explained that localizing an industry within the Kingdom means attracting local or foreign companies to transfer technology, while training and developing the workforce.