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
To gain more information on Saudi Arabia construction market forecast, download a free report sample
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
For more sector insights, download a free report sample
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
To know more about key contractors, download a free report sample
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
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
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 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.
