The Arab Monetary Fund (AMF) said that the Arab construction sector had recovered from the impacts of the Covid-19 pandemic, with its contribution to GDP in 2021 hitting $186.8 billion, up 4.7% from the previous year's figures of $178.3 billion.

 

The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion, respectively, stated AMF in its recent report.

 

Egypt ranked third with around $27.3 billion, followed by Qatar, $24.1 billion, Algeria, $19.8 billion, Morocco, $7.7 billion, and Oman with $6.4 billion.

 

Construction output ranged from $1 to $6 billion in Iraq, Kuwait, Bahrain, Sudan, Libya, and Jordan, while it contributed less than one billion dollars to the GDPs of other Arab countries, it added.-TradeArabia News Service