COVID-19: Saudi Arabia’s Vision 2030 strategy funding cuts
A twin blow of record low oil prices and a coronavirus pandemic has forced Saudi Arabia to cut $8mn from its highly anticipated Vision...
Construction equipment sales to fall 19%
Global construction equipment sales are expected to fall 19% this year from the 2018-2019 peak of 1.1 million machines to 891,000 units, according to...
Moody’s downgrades global construction prospects for 2020-21
On the back of coronavirus disruptions, investor relations company Moody’s has issued a pessimistic outlook on the global construction industry for the next 12 months.
Moody’s...
Saudi Arabia benefits from high tech in construction of Red Sea Project
Saudi Arabia has undergone huge changes with the introduction of Vision 2030, devised by the Crown Prince Mohammad bin Salman, which has, among other things,...
US Census Bureau reports impacts on construction spending
Construction spending showed declines in many sectors in March, when the Covid-19 pandemic delivered its first blows on the world’s economies, but a small...
Pakistan: Construction sector hails government’s decision for achieving status of Industry
The construction sector on Sunday lauded the government’s decision to declare the sector as an industry as it had huge demand of up to...
US-Saudi Arabian Business Council economist explains COVID-19 impact on Saudi construction
The global outbreak of the novel coronavirus (COVID-19) pandemic has left an unprecedented impact on local and international stock markets and supply chains, as...
COVID-19 significantly impacting 60% of the European construction equipment industry
Recent findings from a CECE (Committee for European Construction Equipment) flash survey paint a gloomy picture for the European CE Industry facing the consequences...
Report: One in four contractors experiencing halted or delayed projects
The coronavirus pandemic has caused more than one in four contractors to halt or delay work on current projects, according to a survey the Associated General Contractors...
Saudi SCA’s Future Projects Forum to show 850 projects worth $160bn
The Saudi Contractors Authority (SCA) has announced the launch of the second edition of its Future Projects Forum (FPF), which will be held in Saudi Arabia’s capital...
