Saudi Arabia’s construction costs rise 2.3% in August: GASTAT

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....