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New global standard for construction costs launchedA non-governmental, not-for-profit professional coalition of the construction sector has launched a new universal system that compares construction project costs around the world. The International Construction Measurement Standar More… |
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Cost drop speeds up constructionA 30 to 40 per cent fall in construction costs in Saudi Arabia is speeding up the development of Saudi Arabia’s Economic Cities. Although the economic downturn has lead to the shelving of a number of major projects elsewhere in the world, More… |
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Chemical projects risk delay on cost: SabicSaudi Basic Industries Corp (Sabic) said soaring construction costs and labour shortages in the Middle East will probably force some companies to cancel chemical projects and encourage acquisitions. Costs have surged as much as 70 percent More… |
