USSABC Quarterly Review of Contract Awards in Saudi Arabia
USSABC Contract Awards Index First Quarter 2019
We are pleased to announce a new publication from the U.S.-Saudi Arabian Business Council. The USSABC Contract Awards Index (CAI) is an original report created by the U.S.-Saudi Arabian Business Council’s economist. This report provides a sense of direction on construction activities that will transfer to the execution phase over the next 6 to 18 months. It encompasses construction related contract awards across all sectors within Saudi Arabia. The USSABC CAI is intended to be used as a forward looking indicator to gauge the health of construction activities. The CAI is calculated using a 12-month exponential moving average. This calculation allows for data smoothing while reducing the effects of outliers within the observation period. In general, a CAI reading of 100 points and above indicates an expansion while a sub-100 point reading indicates a possible contraction. Highlights from our initial Q1 2019 report are shown below.
Updates will be published on a quarterly basis.