Saudi Arabia’s construction costs rise 2.3% in August: GASTAT

RIYADH: Saudi Arabia’s construction costs saw an annual rise of 2. 3 percent in August, led by higher equipment rental and labor costs, the latest index showed.

Construction prices in the residential sector increased 2. 1 percent year on year, while costs in the non-residential sector climbed 2. 6 percent, the General Authority for Statistics said in its latest Construction Cost Index report. The increase comes as…