Saudi Arabia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (Q1 2026)

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Published: March 31, 2026 Report Code: GDCN1830MR-ST

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The construction industry in Saudi Arabia is expected to grow by 3.6% in real terms in 2026, supported by an increase in foreign direct investment (FDI), coupled with investments in the housing and manufacturing sectors. According to the General Authority for Statistics (GaStat), Saudi Arabia attracted a net FDI inflow of SAR72.3 billion ($19.3 billion) in the first nine months of 2025, a sharp increase of 32.7% year on year (YoY) compared to the same period of 2024. Similarly, the total value of real estate loans from banks grew by 11.5% YoY in 2025, preceded by an annual growth of 13.3% in 2024, according to the Saudi Central Bank (SAMA).

Over the remainder of the forecast period, the Saudi Arabian construction industry is expected to register an average annual growth of 4.7% from 2027 to 2030, supported by an improvement in transport infrastructure, renewable energy and data centers, coupled with investments in preparation for the International Federation of Association Football (FIFA) World Cup 2034 event. Notably, Saudi Arabia is planning to construct stadiums as the kingdom plans to host the FIFA World Cup in 2034. According to Saudi Arabia’s bid book, 11 new stadiums will be built by 2032. Saudi Arbia’s state-owned energy company, Saudi Electricity Company (SEC) is aiming to modernise its grid and expand transmission capacity by the end of 2030. It involves a total investment of SAR220.1 billion ($58.7 billion). It includes the construction of 130 high-voltage substations along with about 12,900km of overhead transmission lines and 1,100km of underground cables. Growth over the forecast period will be supported by the country’s plan to expand its railway network to 8,000km by 2030 from 5,300km in 2024, as part of its Vision 2030. The Kingdom is also implementing the National Strategy for Data and Artificial Intelligence (AI) for making the Kingdom one of the top 17 countries in the world in the field of data and AI by 2030.

GlobalData’s Construction in Saudi Arabia – Key Trends and Opportunities to 2030 (Q1 2026) report provides detailed market analysis, information, and insights into the Saudi Arabian construction industry, including:_x000D_
• The Saudi Arabian construction industry's growth prospects by market, project type and construction activity_x000D_
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Saudi Arabian construction industry_x000D_
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

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

• Historical (2021–2025) and forecast (2026–2030) 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 our standardized valuation and forecasting methodologies_x000D_

Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_

Understand the latest industry and market trends_x000D_

Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_

Assess business risks, including cost, regulatory and competitive pressures_x000D_

Evaluate competitive risk and success factors

Larsen & Toubro Ltd

Mofarreh M Al Harbi Est

Almabani General Contractors

National Marine Dredging Co

Buro Happold Ltd

D G Jones & Partners

Khatib & Alami Holdinge

Dar Al-Handasah Consultants Shair and Partners Holdings Ltd

Egis Group

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 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

About GlobalData

Contact Us

Table

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), 2021–30

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

Table 5: Saudi Arabia, Industrial Construction Output by Project Type (Real % Change), 2021–30

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

Table 7: Saudi Arabia, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

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

Table 9: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

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

Table 11: Saudi Arabia, Institutional Construction Output by Project Type (Real % Change), 2021–30

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

Table 13: Saudi Arabia, Residential Construction Output by Project Type (Real % Change), 2021–30

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: GlobalData Construction Market Definitions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2024–30

Figure 2: Saudi Arabia, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Saudi Arabia, Risk Summary

Figure 4: Saudi Arabia, Risk Regional Comparison

Figure 5: Saudi Arabia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Saudi Arabia, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Saudi Arabia, Construction Value-Add (SAR Million, 2023 Constant Prices)

Figure 8: Saudi Arabia, Gross Fixed Capital Formation (SAR Million, 2023 Constant Prices)

Figure 9: Saudi Arabia, Real Estate Loans from Banks (SAR Million)

Figure 10: Saudi Arabia, Real Estate Price Index (2023=100)

Figure 11: Saudi Arabia, Construction Projects Momentum Index

Figure 12: Middle East and North Africa, Construction Projects Momentum Index

Figure 13: Saudi Arabia, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

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, 2023 Constant Prices)

Figure 16: Saudi Arabia, Commercial Real Estate Price Index (2023=100)

Figure 17: Saudi Arabia, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 18: Saudi Arabia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: Saudi Arabia, Manufacturing Value-Add (SAR Million, 2023 Constant Prices)

Figure 20: Saudi Arabia, Mining and Quarrying Value-Add (SAR Million, 2023 Constant Prices)

Figure 21: Saudi Arabia, Total Credit Facilities Provided to Micro, Small, and Medium Enterprises (SAR Million)

Figure 22: Saudi Arabia, Total Merchandise Export (SAR Million)

Figure 23: Saudi Arabia, Industrial Production Index (2021=100)

Figure 24: Saudi Arabia, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

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

Figure 26: Saudi Arabia, Transport, Storage and Communication Value-add (SAR Million, 2023 Constant Prices)

Figure 27: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 28: Saudi Arabia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: Saudi Arabia, Electricity, Gas, and Water Services Value-Add (SAR Million, 2023 Constant Prices)

Figure 30: Saudi Arabia, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

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

Figure 32: Saudi Arabia, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 33: Saudi Arabia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Saudi Arabia, Real Estate Value-Add (SAR Million, 2023 Constant Prices)

Figure 35: Saudi Arabia, Residential Real Estate Price Index (2023=100)

Figure 36: Saudi Arabia, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 37: Saudi Arabia, Headquarters of Key Consultants (% of Total Project Pipeline)

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