New Market Research Report: Saudi Arabia Infrastructure Report Q1 2014
Capacity constraints have hit the Saudi construction sector over 2013, which supports our move to downgrade our short-term forecast for the industry last quarter. We have priced in the anticipated delays in projects as a result of shortages in labour and materials, and therefore see growth at 7.2% in 2014. However, with project awards continuing at rapid pace, and a sizable backlog awarded since 2011, we believe the sheer size of the project pipeline in Saudi Arabia will ensure high...
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