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SUPPLY drives GROWTH.
(From Gulf Construction)
A host of supply-driven projects - all spurred by winds of globalisation, privatisation, recreation and tourism - spells good news for Saudi Arabia's construction industry, says Dr P Thomas Cox
Saudi Arabia's construction sector is currently being driven by supply, rather than market demand, as increasing wealth from oil, gas and petrochemical sales create more funds available for mega-scale development projects, thereby increasing the supply capacity of industry, public and private infrastructure significantly
This bodes well for the industry, as project development is currently not constrained by lack of funds. It also ...
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