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| New building under construction |
The
construction Industry is booming in Saudi Arabia.
The
increase in the oil prices had an immense effect on all the sectors of th
economy.
Apart from the Government investments there are international investors who are
too willing to put their money into Saudi economy.
The
construction is not restricted to domestic sector. Many new factories are
coming up. The government is investing in repairing and re-building the
highways. The development of industrial belts of Yanbu and Jubail along with
other industrial estate development gives a positive look to the economy.
There is immense demand for Engineers and workers in the Kingdom. Lot of
importing companies are getting order to provide supplies related to the
construction industry.
Old buildings are being demonlished and new multi-storey buildings are being
constructed
in different areas. This has given an opportunity to local as well as
multinational labour force.
The over-all demand is expected to continue for another 5 years.
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