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Steel prices diverge, electrical wires and cables rise in September

Reading time: < 1 Minuteشهدت أسعار الحديد في السوق السعودي تبايناً ملحوظاً خلال شهر سبتمبر الماضي، فيما سجلت أسعار الأسلاك والكيابل الكهربائية زيادات متفاوتة، وذلك بحسب أحدث نشرة أصدرتها ... Read more

Statistics Authority records varying increases in wires and cables and variations in September steel and lumber prices, affecting the construction sector.

31/10/2024

Steel Prices - Rebar

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Saudi researcher comes up with an innovation that relieves extreme heat in residential complexes

Design innovation to reduce heat in Jeddah neighborhoods reduces perceived heat by 5-10 degrees and is honored with an ASLA award.

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Jazan Municipality conducted campaigns during August, removing 56 concrete barriers and repairing 560 light poles.

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“Municipalities and Housing” signs 9 agreements to renovate and furnish 200 homes for needy families

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54 billion dollars in investments in building and construction projects in Riyadh

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National Housing Company

National Housing: Construction of an electric transmission station in Al Fursan suburb begins

Salman-style design and more than 18 kilometers of high-voltage lines to feed the units and facilities of the first phase

Steel Prices - Rebar

Rebar and electrical wire prices rise and wood prices fluctuate over the past month

Statistics Authority Bulletin: Notable price increases in rebar and electrical wire and cable, and mixed lumber prices with one decrease.

571 million riyals net profit of cement companies in the second quarter

Profits of 12 of 14 companies rise and second quarter sales rise to 2.46 billion riyals

Cement prices fall

SAR 5.19 billion sales of cement companies in the first half

6.49% annualized growth and 12.68% in the second quarter, down 10% from the first quarter.

Al Fursan suburb

National Housing: 41% of infrastructure work completed in the first phase of Al Fursan suburb

The first phase comprises 10,540 units on 5.4 million m² and sales reached 73% with 1,445 units available

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International Monetary Fund Riyadh office market

International report estimates Saudi construction market size at $70.33 billion in 2024

The report expects the Saudi construction market to reach USD 91.36 bn in 2029, driven by the NEOM and Vision 2030 projects.

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