KSA Business: Saudi construction activity gains pace as new orders strengthen

Saudi Arabia’s construction activity accelerated in August, driven by a robust increase in residential building and stronger new orders, according to the latest Alrajhi capital Saudi Construction Index compiled by S&P Global.

The seasonally adjusted index rose to 55.4 in August from 55.2 in July, marking its fourth consecutive month above the 50-point threshold that separates growth from contraction. It was the second-highest reading since the survey began in January.

All three sectors tracked by the index – residential, non-residential…