Construction sector drives growth in related industries, academic says
Dr. Bandar Al-Juaid highlights the broad impact of construction on raw materials, services, and job creation in Saudi Arabia.
Key Takeaways
AIDr. Bandar Al-Juaid, professor of economic media at King Abdulaziz University, emphasized the significant outcomes achieved by the construction sector.
Speaking in an interview with Al Ekhbariya TV, Al-Juaid said the impact of the construction sector extends to multiple industries, including those related to raw materials and services, and contributes to both seasonal and permanent job creation.
He added that this demonstrates the ongoing sustainability of foreign direct investment, the attractiveness of the local economy, legislative reforms, streamlined project procedures, and the momentum behind construction projects.
The economic media professor noted that Saudi Arabia’s development drive is reflected in other sectors, with a focus on high-impact investments that generate quality jobs. He pointed to various Ministry of Investment initiatives aimed at improving the investment climate and attracting leading companies to enhance the competitiveness of the local economy and draw in capital.
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