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Saudi Arabia Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

The Saudi Arabia construction market size was valued at $120.4 billion in 2021. The market is projected to grow at an AAGR of more than 3% during the period 2023 to 2026. The construction market growth in Saudi Arabia will be supported by the government’s efforts to develop transport and energy infrastructure, coupled with its focus on diversifying the economy away from oil.

The Saudi Arabia construction market research report provides a detailed analysis of Saudi Arabia’s construction industry’s growth prospects by market, project type, and construction activity. It also provides critical insights into the impact of industry trends and issues as well as an analysis of key risks and opportunities in the construction industry. Moreover, it provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Saudi Arabia Construction Market Overview

Saudi Arabia Construction Market Overview

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What are the key sectors in the Saudi Arabia construction market?

The key sectors in the Saudi Arabia construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

 Commercial construction market in Saudi Arabia

The commercial construction sector is expected to grow in real terms in 2022. The government is supporting the tourism sector via the ‘Tourism Partner Program.’ This is expected to support construction activities in the commercial sector and ensure the delivery and development of hotels in Saudi Arabia in the medium to long term.

Industrial construction market in Saudi Arabia

The industrial construction sector is expected to expand in real terms in 2022, supported by an improvement in industrial, manufacturing, and export activities, coupled with the government’s focus on diversifying the country’s economy away from oil, by developing industrial zones and attracting more local and foreign investments in the mining sector.

Infrastructure construction market in Saudi Arabia

The infrastructure sector’s output will expand in 2022. Over the remainder of the forecast period, the growth will be supported by the government’s focus on developing the country’s transport infrastructure and enhancing regional connectivity.

Energy & utilities construction market in Saudi Arabia

The energy and utilities construction sector is expected to grow in 2022. Over the remainder of the forecast period, the growth will be supported by investments in increasing the share of renewable energy in the total energy mix to 50% by 2030.

Institutional construction market in Saudi Arabia

The institutional sector is expected to grow in 2022 and the growth will be supported by investment in the education and healthcare sectors.

Residential construction market in Saudi Arabia

The residential sector is expected to grow in real terms this year. The growth will be supported by an improvement in economic conditions, coupled with government initiatives such as the Sakani Housing program, the Housing Vision Revitalization program, and the Idle Land Fees program, to propel residential real estate demand in the Kingdom and provide affordable housing to Saudi citizens.

Saudi Arabia construction market analysis by sectors

The key sectors in the Saudi Arabia construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.   Commercial construction market in Saudi Arabia The commercial construction sector is expected to grow in real terms in 2022. The government is supporting the tourism sector via the ‘Tourism Partner Program.’ This is expected to support construction activities in the commercial sector and ensure the delivery and development of hotels in Saudi Arabia in the medium to long term. Industrial construction market in Saudi Arabia The industrial construction sector is expected to expand in real terms in 2022, supported by an improvement in industrial, manufacturing, and export activities, coupled with the government's focus on diversifying the country’s economy away from oil, by developing industrial zones and attracting more local and foreign investments in the mining sector. Infrastructure construction market in Saudi Arabia The infrastructure sector’s output will expand in 2022. Over the remainder of the forecast period, the growth will be supported by the government’s focus on developing the country’s transport infrastructure and enhancing regional connectivity. Energy & utilities construction market in Saudi Arabia The energy and utilities construction sector is expected to grow in 2022. Over the remainder of the forecast period, the growth will be supported by investments in increasing the share of renewable energy in the total energy mix to 50% by 2030. Institutional construction market in Saudi Arabia The institutional sector is expected to grow in 2022 and the growth will be supported by investment in the education and healthcare sectors. Residential construction market in Saudi Arabia The residential sector is expected to grow in real terms this year. The growth will be supported by an improvement in economic conditions, coupled with government initiatives such as the Sakani Housing program, the Housing Vision Revitalization program, and the Idle Land Fees program, to propel residential real estate demand in the Kingdom and provide affordable housing to Saudi citizens.  Saudi Arabia construction market analysis by sectors

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Who are the key contractors in the Saudi Arabia construction market?

The key contractors in the Saudi Arabia construction market are Larsen & Toubro Ltd, Webuild SpA, Almabani General Contractors, Freyssinet Saudi Arabia, Siemens AG, Vinci SA, National Petroleum Construction Co, Nesma Holding Co Ltd, Archirodon Group NV, and Huta Group.

Saudi Arabia construction market analysis by contractors

Saudi Arabia construction market analysis by contractors

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Who are the key consultants in the Saudi Arabia construction market?

The key consultants in the Saudi Arabia construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami, Buro Happold Ltd, SNC-Lavalin Group Inc, Omrania & Associates, Zuhair Fayez Partnership LLC, Royal HaskoningDHV, Arcadis NV, Omraniyoun Consulting Engineers, and Design International.

Saudi Arabia construction market analysis by consultants

Saudi Arabia construction market analysis by consultants

To know more about key consultants, download a free report sample

Market report scope

Market size (Year – 2021) $120.4 billion
Growth rate – AAGR (2023 – 2026)  >3%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy & Utilities Construction, Institutional Construction, and Residential Construction
Key contractors Larsen & Toubro Ltd, Webuild SpA, Almabani General Contractors, Freyssinet Saudi Arabia, Siemens AG, Vinci SA, National Petroleum Construction Co, Nesma Holding Co Ltd, Archirodon Group NV, and Huta Group
Key consultants Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami, Buro Happold Ltd, SNC-Lavalin Group Inc, Omrania & Associates, Zuhair Fayez Partnership LLC, Royal HaskoningDHV, Arcadis NV, Omraniyoun Consulting Engineers, and Design International

Scope

This report provides a comprehensive analysis of the construction industry in Saudi Arabia. It provides –

  • Historical and forecast valuations of the construction industry in Saudi Arabia, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy, and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData’s critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

7.4 GlobalData Construction

Contact Us

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: Saudi Arabia, Key Economic Indicators

Table 3: Saudi Arabia, Commercial Construction Output by Project Type (Real % Change), 2017-26

Table 4: Saudi Arabia, Top Commercial Construction Projects by Value

Table 5: Saudi Arabia, Industrial Construction Output by Project Type (Real % Change), 2017-26

Table 6: Saudi Arabia, Top Industrial Construction Projects by Value

Table 7: Saudi Arabia, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

Table 8: Saudi Arabia, Top Infrastructure Construction Projects by Value

Table 9: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

Table 10: Saudi Arabia, Top Energy and Utilities Construction Projects by Value

Table 11: Saudi Arabia, Institutional Construction Output by Project Type (Real % Change), 2017-26

Table 12: Saudi Arabia, Top Institutional Construction Projects by Value

Table 13: Saudi Arabia, Residential Construction Output by Project Type (Real % Change), 2017-26

Table 14: Saudi Arabia, Top Residential Construction Projects by Value

Table 15: Saudi Arabia, Key Contractors

Table 16: Saudi Arabia, Key Consultants

Table 17: Saudi Arabia, Construction Output Value (Real, $ Million)

Table 18: Saudi Arabia, Construction Output Value (Nominal, SAR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020-26

Figure 2: Saudi Arabia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 3: Saudi Arabia, COVID-19 Confirmed Cases

Figure 4: Saudi Arabia, Risk Summary

Figure 5: Saudi Arabia, Risk Regional Comparison

Figure 6: Saudi Arabia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26

Figure 7: Saudi Arabia, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 8: Saudi Arabia, Construction Value Add (SAR Million, 2010 Constant Prices)

Figure 9: Saudi Arabia, Real Estate Price Index (2014=100)

Figure 10: Saudi Arabia, Bank Credit to Building and Construction (In SAR Million)

Figure 11: Saudi Arabia, Construction Projects Momentum Index

Figure 12: Region, Construction Projects Momentum Index

Figure 13: Saudi Arabia, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 14: Saudi Arabia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 15: Saudi Arabia, Wholesale and Retail Trade, Restaurants and Hotels Value Add (SAR Million, 2010 Constant Prices)

Figure 16: Saudi Arabia, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 17: Saudi Arabia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 18: Saudi Arabia, Manufacturing Value Add (SAR Million, 2010 Constant Prices)

Figure 19: Saudi Arabia, Non-Oil Sector’s Value Add (SAR Million, 2010 Constant Prices)

Figure 20: Saudi Arabia, Industrial and Manufacturing Production Index

Figure 21: Saudi Arabia, Total Merchandise Export (SAR Million)

Figure 22: Saudi Arabia, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 23: Saudi Arabia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 24: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 25: Saudi Arabia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 26: Saudi Arabia, Oil Sector’s Value Add (SAR Million, 2010 Constant Prices)

Figure 27: Saudi Arabia, Gas and Water Value Add (SAR Million, 2010 Constant Prices)

Figure 28: Saudi Arabia, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 29: Saudi Arabia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: Saudi Arabia, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 31: Saudi Arabia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Saudi Arabia, Real Estate Value Add (SAR Million, 2010 Constant Prices)

Figure 33: Saudi Arabia, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 34: Saudi Arabia, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in Saudi Arabia was valued at $120.4 billion in 2021.

 

 

 

 

 

The construction market in Saudi Arabia is projected to grow at an AAGR of more than 3% during the period 2023 to 2026.

The key sectors in the Saudi Arabian construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

The key contractors in the Saudi Arabian construction market are Larsen & Toubro Ltd, Webuild SpA, Almabani General Contractors, Freyssinet Saudi Arabia, Siemens AG, Vinci SA, National Petroleum Construction Co, Nesma Holding Co Ltd, Archirodon Group NV, and Huta Group.

The key consultants in the Saudi Arabian construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami, Buro Happold Ltd, SNC-Lavalin Group Inc, Omrania & Associates, Zuhair Fayez Partnership LLC, Royal HaskoningDHV, Arcadis NV, Omraniyoun Consulting Engineers, and Design International.

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