Bahraini Spirit
November 20th, 2004, 05:36 PM
Saudi Arabia will require about $900 billion investment in the building and construction sector over the next 20 years, a report said.
The investment will include $290 billion in residential development, $140 billion in infrastructure, $115 billion in power and utility, $90 billion in desalination and other water projects.
Urban development activities represent about 26 per cent of the total construction spending in the GCC, followed by the social sector, which makes up 21 per cent, according to dmg World Media, organisers of the Big 5 show.
Commercial, roads, utility and industrial construction represent 18 per cent, 15 per cent, 11 per cent and nine per cent, respectively.
Industrial construction is still expanding, and new investment in the power sector alone is set to hit $200 billion by 2020, it said.
The five-day exhibition opened in Dubai today.
The investment will include $290 billion in residential development, $140 billion in infrastructure, $115 billion in power and utility, $90 billion in desalination and other water projects.
Urban development activities represent about 26 per cent of the total construction spending in the GCC, followed by the social sector, which makes up 21 per cent, according to dmg World Media, organisers of the Big 5 show.
Commercial, roads, utility and industrial construction represent 18 per cent, 15 per cent, 11 per cent and nine per cent, respectively.
Industrial construction is still expanding, and new investment in the power sector alone is set to hit $200 billion by 2020, it said.
The five-day exhibition opened in Dubai today.