RIYADH: Saudi Arabia’s construction sector maintained stable cost growth in February, with the index rising 1.4 percent year on year amid steady increases in residential and non-residential building expenses, official data showed.
According to data from the General Authority for Statistics, the Kingdom’s Construction Cost Index rose to 102.5 in February, up from 102.4 in January and 101.1 a year earlier.
The steady momentum in Saudi Arabia’s construction sector aligns with broader trends across the Gulf Cooperation Council, where countries are accelerating efforts to diversify their economies away from hydrocarbons.
Last year, property consultant Knight Frank projected that the Kingdom’s construction output value will reach $191 billion in 2029, marking a 29 percent increase compared to 2024.
In its latest report, GASTAT said: “The CCI recorded a 1.4 percent increase in February 2026 compared to the corresponding month of the previous year.”
