A report issued by the Arab Monetary Fund showed that the building and construction sector in the Arab countries has recovered from the effects of the “Covid-19” pandemic. The sector's contribution to the GDP for the year 2021 amounted to about $186.8 billion, compared to $178.3 billion in 2020, a growth rate of 4.7 percent.
The fund indicated that the Kingdom of Saudi Arabia and the United Arab Emirates recorded the highest levels in the construction sector's contribution to the gross domestic product, with about $45.5 billion and $36.8 billion, respectively. According to the Arab Monetary Fund, Egypt ranked third with about $27.3 billion, followed by Qatar with $24.1 billion, Algeria with $19.8 billion, Morocco with $7.7 billion, and Oman with $6.4 billion.
The building and construction sector contributed with an output ranging between 1 and 6 billion dollars in Iraq, Kuwait, Bahrain, Sudan, Libya, and Jordan, K. While the contribution of the sector to the gross salt product in other Arab countries was less than one billion dollars.
Source (Emirati Gulf Newspaper, Edited)
