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SAUDI ARABIA TO LEAD THE WAY IN CONSTRUCTION SPENDING

Saudi Arabia is set to drive regional infrastructure and construction spending in the region over the next 15 years.

That’s according to a new report by BofA Merrill Lynch.

Forecasting figures predict a total of $4.3trn will be invested in construction projects across the MENA region by 2020, representing an increase of almost 80% from today's spend.

The report says the region is expected to account for 12% of the global emerging markets and 4.4% of the world construction markets within the next decade, with Saudi Arabia expected to continue leading the way.

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