Page 4 - Proposed ACFA Product range

KSA Building Construction info

Cutbacks in public expenditure: The drop in oil prices has had an

adverse impact on KSA’s economic activity in 2016. The economy is

already contracting due to public spending cutbacks and the

government’s cash management problems.

Construction Sector: The government has raised fuel and water prices
and it has also had an adverse impact on the construction sector. The

sector has witnessed prolonged delays in payments and several
ongoing construction projects are on hold. Major construction

companies

Source: comtrade.un.org 4