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Saudi PIF construction contracts plummet amid scaleback
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Saudi PIF construction contracts plummet amid scaleback
Value of contracts less than $30bn PIF accounts for only 14% issued Focus on AI and digital infrastructure The value of construction contracts issued in Saudi Arabia plummeted last year to less than half of that in 2024 amid cutbacks to the Public Investment Fund’s budget and a reprioritisation of projects, according to industry bodies. The total value of contracts issued across the kingdom in 2025 was less than $30 billion, almost 60 percent be…
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