Riyadh – Mubasher: Alagat International Expo and Conference board chairman Osama Al-Kurdi said that Saudi Arabia’s iron and steel sector is set to grow by around 11.7% annually between 2013 and 2017 amid the industry boom in the Kingdom.
KSA owns around 51% of ongoing projects in the Gulf Cooperation Council (GCC) at present, Al-Kurdi added, noting that the sector is of high importance to the government owing to the large number of ongoing projects.
Around $600 billion have been allocated to spending on major infrastructure projects in the coming five years, Al-Kurdi added, according to a statement.
He highlighted that the Saudi construction sector will continue to take part in various investment opportunities in a variety of sectors in the coming period.
