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15 Feb
09:57

Lower oil prices dent Saudi Q1 construction optimism

Saudi Arabia’s construction sector business optimism index (BOI) has fallen to 26 in the first quarter from 31 in Q4 2015. This is due to a lack of projects, slowdown in market conditions and uncertain economic environment, Kallanish learns from the National Commercial Bank (NCBC). The BOI is compiled by Dun & Bradstreet in association with NCBC. "The business environment outlook has retreated compared to the last quarter” as 43% of the firm…
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