MARKET OVERVIEW

The ambitious Saudi Vision 2030 facilitates the growth of non-oil revenues in the kingdom, as announced in Saudi Arabia’s 2019 budget.

With more than 5,000 projects worth trillions of riyals in the pipeline, construction in Saudi Arabia is building a future by remaining an ever-growing sector with key employment and development opportunities. With projects holding value up to $250 billion in the making, the sector shows a lot of potential in terms of monetary returns and growth.

The idea lies at creating better living ways for the people of the Kingdom and serve as a powerhouse logistical hub connecting the three continents of Asia, Europe and Africa. Government’s support in the construction of ports, railways, airports and roads will enhance the Kingdom’s interconnectivity and facilitate the flow of raw materials, capital and human resources.

MAJOR CONSTRUCTION PROJECTS IN SAUDI ARABIA

Neom Business City

King Abdullah Economic City (KAEC)

500,000 Housing Units in Different Areas of Saudi Arabia

Sudair Industrial City

Tabouk Economic City