Tenable reports 120% surge in KSA projects ahead of plans to open first office – Construction Week Online
- Date: 31-May-2022
- Source: Construction Week
- Sector:Real Estate
- Country:Saudi Arabia
Tenable reports 120% surge in KSA projects ahead of plans to open first office – Construction Week Online
Specialist fire and life safety consultancy, Tenable Fire Engineering Consultancy (FEC), has announced a record first quarter, securing over $1.73mn in projects, including a 120% increase in the number of contracts won in Saudi Arabia compared to the same period in 2021.
The increase in KSA-based projects has propelled plans for the company to open its first office in the kingdom this summer.
According to the US-Saudi Business Council, the kingdom’s contracts industry registered a 78% increase in annual activity in 2021, and with additional Public Investment Fund spending on the country’s mega and giga-projects, Saudi Arabia’s construction market could return to pre-pandemic levels in 2022.
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