Saudi Arabia’s construction sector returns to growth territory in May

RIYADH: Saudi Arabia’s construction industry returned to expansion in May, marking a modest recovery after two months of contraction, driven by renewed growth in new work orders, an economy tracker showed. According to the latest Al Rajhi Capital Saudi Construction Index released by S&P Global, the reading rose to 51.2 in May from 48.5 in April, crossing the crucial 50 threshold that separates growth from contraction.

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