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PUBLISHER: GlobalData | PRODUCT CODE: 1086916

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PUBLISHER: GlobalData | PRODUCT CODE: 1086916

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

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The construction industry in Saudi Arabia is expected to expand by 4.9% in real terms in 2022, supported by a rise in oil prices and production levels, coupled with continued progress in the country's diversification plans. The country's oil revenue in the first half of the year grew by 75% year on year (YoY), increasing from SAR248.7 billion ($66.3 billion) in H1 2021 to SAR434 billion ($115.8 billion) in H1 2022, boosted by the surge in prices. The rise in oil prices has bolstered the government's funds; in August 2022, the Finance Ministry said that the budget surplus reached SAR78 billion ($20.8 billion) in Q2 2022. This could free up funding for the country's ambitious diversification plans. According to the General Authority of Statistics (GaStat), the construction industry's value add grew by 4.4% YoY in the first half of this year. Although the industry is expected to remain stable in the second half of this year, downside risks in the short term could arise due to supply chain disruptions, rising wage costs, and the tightening of monetary policy.

GlobalData expects the Saudi Arabian construction industry to register an average annual growth of 4.4% from 2023 to 2026, supported by investments in the transport, research, renewable energy, housing, and tourism sectors. The government aims to produce 27.3GW of renewable energy by 2024 and 58.7GW by 2030. To support this target, the Saudi Power Procurement Company (SPPC) has launched five renewable energy projects including three wind projects and two solar projects as part of the Ministry of Energy's National Renewable Energy Program. In September 2022, the Ministry of Municipal and Rural Affairs and Housing signed an agreement with the National Housing Company to invest SAR40 billion ($10.7 billion) to construct 150,000 housing units in 11 cities by the end of 2030.

The report provides detailed market analysis, information and insights into the Saudi Arabia's construction industry, including -

  • Saudi Arabia's construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Saudi Arabia's construction industry
  • 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 (2017-2021) and forecast (2022-2026) 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.
Product Code: GDCN1006MR

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
Product Code: GDCN1006MR

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)
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