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Kingdom sees 2.3% rise in July construction costs
The Construction Cost Index in the Kingdom increased by 2.3% year-over-year in July, with the residential sector costs rising by 2.2% and the non-residential sector by 2.6%. This increase reflects higher expenses in equipment and machinery rentals by 4.2%, labor costs by 1.4%, and energy prices by 3%. Additionally, the costs of essential materials grew by 1.8%. Month-over-month, the index remained stable compared to June, with costs in both the residential and non-residential sectors continuing to hold steady.
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