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

Pages: 49 Published: September 30, 2022 Report Code: GDCN1006MR

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.

Saudi Arabia Construction Market Size

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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

Saudi Arabia Construction Market Analysis, by Sectors

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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

Saudi Arabia Construction Market Analysis, by Contractors

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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

Saudi Arabia Construction Market Analysis, by Consultants

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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

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

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 Loans from Banks (in SAR Million)

Figure 10: Saudi Arabia, Construction Projects Momentum Index

Figure 11: Region, Construction Projects Momentum Index

Figure 12: Saudi Arabia, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 13: Saudi Arabia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 14: Saudi Arabia, Wholesale and Retail Trade, Restaurants and Hotels Value Add (SAR Million, 2010 Constant Prices)

Figure 15: Saudi Arabia, Commercial Real Estate Price Index (2014=100)

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, Mining and Quarrying Value Add (SAR Million, 2010 Constant Prices)

Figure 20: Saudi Arabia, Non-Oil Sector’s Value Add (SAR Million, 2010 Constant Prices)

Figure 21: Saudi Arabia, Bank Credit to Micro, Small, and Medium Enterprises (in SAR Million)

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

Figure 23: Saudi Arabia, Industrial, Manufacturing, and Mining and Quarrying Production Index (2010=100)

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

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

Figure 26: Saudi Arabia Transportation, Storage, and Communication Value Add (SAR Million, 2010 Constant Prices)

Figure 27: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

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

Figure 29: Saudi Arabia, Electricity, Gas, and Water Value Add (SAR Million, 2010 Constant Prices)

Figure 30: Saudi Arabia, Oil Sector’s Value Add (SAR Million, 2010 Constant Prices)

Figure 31: Saudi Arabia, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 32: Saudi Arabia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 33: Saudi Arabia, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 34: Saudi Arabia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 35: Saudi Arabia, Real Estate Value Add (SAR Million, 2010 Constant Prices)

Figure 36: Saudi Arabia, Residential Real Estate Price Index (2014=100)

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

Figure 38: 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 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.

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