2023/12/5
According to "MEED Projects," Saudi Arabia will account for 58% of the total project spending in the Gulf states over the next five years, with the value of projects Saudi Arabia plans to implement during this period being around one trillion dollars.
Saudi Arabia saw a significant increase in its project spending in 2023, with 759 contracts awarded at a total value of $102.7 billion, according to "MEED Projects," a company tracking regional projects. This value is the highest ever in the history of Saudi Arabia, exceeding the spending in 2022 by 25%.
This confirms that Saudi Vision 2030 will play a significant role in driving the economic development wheel in the Kingdom and enhancing its status as a global hub for business and investments.