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Saudi Contractors Report Stable Supply Chains and Decreasing Steel Prices

Saudi Contractors Report Stable Supply Chains and Decreasing Steel Prices

The Chairman of the Board of the Saudi Contractors Authority confirmed that the contracting sector in the Kingdom has not been affected by geopolitical tensions, thanks to the stability of supply chains and the availability of building materials. He noted a slight decrease in steel prices due to the Kingdom’s reliance on a strong local industrial base. He also pointed out the availability of the building materials market and its openness to small and medium-sized projects through partnership building with major contractors, as market entry depends on the readiness and efficiency of companies.

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