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24 Oct
13:55

Saudi Arabia leads giga projects spending: MEED

In the Gulf Cooperation Council, Saudi Arabia leads the megaproject awards year to date with $65.2 billion, followed by the United Arab Emirates with $59.5 billion. These are out of the GCC's combined $150.8 billion in awarded contracts, according to MEED. Recently, Ardara, a company owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund, launched a $5.1 billion project to be built in the southwest of the kingdom. New projects in Saudi A…
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