24 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
Saudi construction costs steady at 2.3%
August 2026 reports confirm that construction costs in Saudi Arabia have stabilized at an annual growth rate of 2.3%, the same as in July, due to the stability of the index components except for a slight increase in labor costs to 1.6%. When the index is divided into residential and non-residential sectors, there was a slight slowdown in the residential sector to 2.1%, while the non-residential sector saw a modest increase to 2.63%. The prices of essential materials, energy, and equipment and machinery rentals continue to rise, with petrol and electricity prices remaining stable. Diesel prices have increased by 7.8% since June, as the government sets energy prices annually.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)