Gulf News reported that Dubai New project awards are starting to emerge from the project pipeline in Saudi Arabia, helped by the kingdom’s twin emphasis on social housing and mega sized industrial clusters.

Spokesman for Nesite, an Italian company specializing in raised floorings said that “I think that the amount of construction in Saudi Arabia is rather relevant seeing the rest of the GCC countries. Construction activity in the UAE has taken a dip and especially in the wake of Abu Dhabi’s recent announcement to scale down some of its large scale and long term developments.

He said that but the cautious approach is not readily apparent in Saudi Arabia’s construction sector. We were expecting a faster growth for Abu Dhabi but our feeling
is that we still have to wait a little longer before seeing projects taking a spike.

The company recently won USD 10.5 million order from Saudi Arabia to provide its flooring solutions for phase one of the mammoth USD 667 million Information Technology and Communications Complex being developed by the Rayadah Investment Company in Riyadh. It will be the biggest tech specific complex in the kingdom.

The spokesman said that we will complete the flooring project by the end of May 2012 and Saudi Arabia is definitely our biggest market for 2011 and 2012. Nesite, part of Transpack Group Service, has a production facility in Sharjah’s Hamriyah Free Zone since 2009 to add to the one in Italy.

(Sourced from Gulf News)