Contracting in Saudi Arabia continuing with the same momentum

Saudi Arabia has set a state budget for 2015 with total revenues projected to reach $190.7 billion (SR715 billion) and total spending valued at $229.3 billion (SR860 billion) which is expected to result in a $38.6 billion (SR145 billion) deficit. Budget revenues for 2014 are projected at $278.9 billion (SR1.046 trillion), leading to an estimated deficit of $14.4 billion (SR54 billion).  Education and healthcare remain the priority of the Kingdom’s budget, representing 44 percent of total spending.

Fakher A. Al-Shawaf, General Manager of Al Bawani talks about the contracting sector in Saudi Arabia.