Kuwait and Saudi Arabia lead in projects
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KUWAIT CITY, Feb 3: According to a report published by Trade Arabia Magazine, Saudi Arabia and Kuwait lead the USD 1.6 trillion Gulf projects market, of which more than 21,000 are active projects as of the third quarter of 2021.
These projects derive their impetus mainly from Saudi Arabia and the United Arab Emirates, which dominated the scene of the implementation of projects, according to the Projects Journal BNC, which is specialized in monitoring projects, reports Al-Anba daily.
In its report titled “2022 – The Green Year”, the periodical said the construction activity in Kuwait rose significantly in the last quarter of 2021, as new projects worth USD 9.9 billion were unveiled, making it the best quarter in the past two years. Kuwait was able to award projects worth USD 1.8 billion, and it completed projects worth USD 12 billion in that quarter.
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