Al Rajhi, S&P Global launch new Saudi construction index

Summary:

Al Rajhi Capital has partnered with S&P Global to launch the "Al Rajhi Capital Saudi Construction Index," a high-frequency indicator aimed at tracking business conditions in Saudi Arabia's construction sector. Developed by S&P Global's Market Intelligence division, the index will monitor various operational indicators, including new orders and input costs, and will provide insights into residential, non-residential, and infrastructure activities. This initiative aligns with Saudi Arabia's Vision 2030 economic transformation, enhancing the availability of reliable data for businesses and policymakers. Both organizations emphasize the index's importance for informed decision-making in the sector.