Men walk at the under-construction King Abdullah Financial District in Riyadh, Saudi Arabia May 12, 2016. REUTERS/Faisal Al Nasser/File Photo
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Saudi Arabia plans to issue tenders to consolidate consultancy services for government infrastructure projects in the coming months in a bid to improve efficiency and bring fresh momentum to stalled developments, government sources said.Saudi Arabia's construction sector has slumped in recent years as the government delayed payments to contractors and lower oil prices squeezed the state budget for new projects.Consultancy Faithful+Gould has said the roll out of project management offices across government sectors would speed up delivery of priority projects and was a positive development for the industry following two years of contraction and uncertainty.In a January 2018 report, Faithful+Gould forecast Saudi Arabia to award infrastructure contracts in 2018 worth $35 billion across government sectors.
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