RIYADH: Saudi Arabia’s construction costs saw an annual rise of 2.3 percent in August, led by higher equipment rental and labor costs, the latest index showed. Construction prices in the residential sector increased 2.1 percent year on year, while costs in the non-residential sector climbed 2.6 percent, the General Authority for Statistics said in its latest Construction Cost Index report. The increase comes as Saudi Arabia continues to roll out large-scale housing, infrastructure and developm

Source: Arab News