Saudi's ROSHN building local supply chain to minimise external risks: Report
The company has signed long-term procurement agreements to secure essential building materials at competitive prices, Argaam, an Arabic financial portal, reported, quoting Head of Strategy & Corporate Affairs Yassen Kattan.
These deals offer suppliers a detailed view of ROSHN's needs over the next 10 to 15 years, he added.
Kattan stated that the Saudi construction sector is expected to grow at an annual rate of 5.4% between 2026 and 2029, driven by ongoing transformation initiatives.
In 2024, the developer awarded 71 percent of its contracts to local entities, the report said.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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