Construction sector in Saudi Arabia this year:

• During the first eight months of 2011, domestic cement sales jumped by 28.6% compared to the corresponding period of 2010.

• Private sector imports of building materials financed through commercial banks (LCs settled and New LCs opened) increased y-o-y in August by 1.7% and 17.5%, respectively following annual increases of 39% and 15% in July. The growth in the new LCs opened indicates that imports of construction materials will continue its growth over the following months.

• The latest data published by Saudi Ports showed that discharges from construction materials increased 7.8% during the first seven months of 2011 compared with the same period in 2010.

Data from GulfBase.com

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