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 and is projected to achieve an AAGR of more than 4% during 2023-2026. Over the forecast period, the industry’s growth will be supported by a rise in oil prices and production levels, coupled with continued progress in the country’s diversification plans. The growth of the sector in Saudi Arabia will also be driven by investments in the transport, research, renewable energy, housing, and tourism sectors
The Saudi Arabia construction market research report provides detailed market analysis, information, and insights into the Saudi Arabia construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Saudi Arabia construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
For more insights on this Saudi Arabia construction market forecast, download a free report sample
Saudi Arabia Construction Market Segmentation by Sectors
The key sectors in the Saudi Arabia construction market are residential construction, commercial construction, industrial construction, infrastructure construction, energy and utilities construction, and institutional construction.
Residential construction: Forecast-period growth in the residential sector will be supported by private-sector projects, in order to address the rise in housing demand.
Commercial construction: Forecast-period growth in the commercial construction sector will be propelled by investments in hotel, retail, and sports complex projects.
Industrial construction: The growth in this sector will be supported by a recovery in manufacturing, mining, and export activities, coupled with the government’s focus on attracting private sector investment in the mining sector to explore its untapped potential.
Infrastructure construction: The growth will be driven by public and private sector investments in road, rail, and airport projects.
Energy and utilities construction: The sector’s growth will be supported by an increase in investments in the oil and gas sector, amid a surge in oil prices, as well as investments in renewable energy projects—in line with the government’s aim to produce a significant amount of renewable energy capacity by 2024.
Institutional construction: The growth in this sector will be propelled by investments in educational, research, and healthcare buildings.
Saudi Arabia Construction Market Analysis, by Sectors
For more sector insights in the Saudi Arabia construction market, download a free report sample
Saudi Arabia Construction Market – Competitive Landscape
The leading contractors in the Saudi Arabia construction market are Larsen & Toubro Ltd, Webuild SpA, Almabani General Contractors, Vinci SA, Siemens AG, AECOM, and others.
Saudi Arabia Construction Market Analysis, by Contractors
To know more about leading contractors in the Saudi Arabia construction market, download a free report sample
The leading consultants in the Saudi Arabia construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami, Wholohan Grill and Partners, Buro Happold Ltd, KBR Inc., and others.
Saudi Arabia Construction Market Analysis, by Consultants
To know more about leading consultants in the Saudi Arabia construction market, download a free report sample
Saudi Arabia Construction Market Report Overview
| Market Size (2021) | $120.4 billion |
| AAGR (2023-2026) | >4% |
| Key Sectors | Residential Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Commercial Construction |
| Leading Contractors | Larsen & Toubro Ltd, Webuild SpA, Almabani General Contractors, Vinci SA, Siemens AG, AECOM, and Others |
| Leading Consultants | Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami, Wholohan Grill and Partners, Buro Happold Ltd, KBR Inc., and Others |
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
List of Tables
List of Figures
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 achieve an AAGR of more than 4% during 2023-2026.
The key sectors in the Saudi Arabia construction market are residential construction, commercial construction, industrial construction, infrastructure construction, energy and utilities construction, and institutional construction.
The leading contractors in the Saudi Arabia construction market are Larsen & Toubro Ltd, Webuild SpA, Almabani General Contractors, Vinci SA, Siemens AG, AECOM, and others.
The leading consultants in the Saudi Arabia construction market are Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami, Wholohan Grill and Partners, Buro Happold Ltd, KBR Inc., and others.
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
GDPR + CCPA Compliant
Personal and transaction information are kept safe from unauthorised use.
Recently Viewed Reports
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.
Related reports
View more Construction reports