Saudi Travel And Tourism Investment Market News

Boom in Saudi Arabia hotel construction

Boom in Saudi Arabia hotel construction

2nd Apr 2012 Hotel News

The total value of hotel construction contracts awarded in Saudi Arabia hit some $66 billion in 2011, according to the latest research, a six per cent increase on the previous year. Data from Meed Insight reveals the steep slowdown in activity in the UAE means Saudi Arabia is now by far the largest projects market in the region, worth almost as much as the other five GCC states combined.