Saudi Arabia’s Construction Cost Index rises 2.7% in June: GASTAT

RIYADH: Saudi Arabia’s Construction Cost Index increased 2.7 percent year on year in June, driven by higher equipment rental and labor costs in both the residential and non-residential sectors, official data showed. According to the latest report by the General Authority for Statistics, construction costs in the residential sector rose 2.6 percent annually in June, while the non-residential sector recorded an annual increase of 3.1 percent.

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