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Kingdom Construction Costs Rise 2.3% in August
The building cost index in the Kingdom rose by 2.3% during August 2026 compared to the same month last year. This increase was driven by a 2.1% rise in the residential sector costs, fueled by a 1.8% increase in the prices of essential materials, as well as higher prices for metal products, energy, equipment rentals, and machinery, along with increased labor costs. The non-residential sector also experienced an annual increase of 2.6%, attributed to a 5.8% rise in equipment and machinery rental costs, along with higher wages and energy expenses, as well as increases in the prices of other construction materials and timber. On a monthly basis, construction costs grew by 0.1% compared to July, reflecting increases in both the residential and non-residential sectors.
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