The report by the business research and intelligence firm shows that the growth is sustained by the Saudi Arabian government’s continuous efforts to liberalize the economy, said a statement from Rubber World Industries.

“The Middle East and North Africa region’s construction industry is moving on the fast track in terms of new projects and the resumption of projects that were stalled by the recent economic downturn,” said Rizwan Shaikhani, managing director, RWI.

“We are very eager to position ourselves as a major provider of world class rubber based building materials for these projects,” he said.

The Big 5 Saudi, a major construction industry event, will be held at the Jeddah Center for Forums and Events.

The CPH World Media report also states that Saudi Arabia’s large oil revenues have made it possible for the construction industry to employ the extra liquidity for its growth, it said.