Construction Market Insight

Promising opportunities for construction projects in the Middle East’s

Promising opportunities for construction projects in the Middle East’s largest market. As vast construction projects continue to develop, especially in the social and transport infrastructure, the Saudi construction sector will witness a significant growth in the coming few years. In fact, the Saudi construction sector is currently valued at 2250 billion SAR, with infrastructure projects alone amounting to 1312.25 billion SAR. Current ongoing projects constitute 82.4% of overall construction activities, reflecting the continued growth and development in the sector.

 

Supporting factors in the industry’s growth:

  • Massive transportation projects
  • Development of airports and their facilities
  • An investment exceeding 112.5 billion SAR in airport infrastructure by 2020
  • 675 billion SAR invested in the development of the transportation infrastructure between 2015-2019
  • Population growth and an increasingly young population estimated to reach 35.7 by 2020
  • The construction of 6 smart cities by 2025 valued at 412.5 billion SAR, increasing related infrastructure construction activities
 

Project Statistics



Saudi Arabia GDP From Construction  2010-2016 :

GDP from Construction in Saudi Arabia increased to 31934 SAR Million in the third quarter of 2015 from 31661 SAR Million in the second quarter of 2015. GDP From Construction in Saudi Arabia averaged 27094.35 SAR Million from 2010 until 2015, reaching an all-time high of 31934 SAR Million in the third quarter of 2015 and a record low of 21969 SAR Million in the fourth quarter of 2010. 
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