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955212

Construction in Saudi Arabia - Key Trends and Opportunities to 2025 (Q3 2021)

Published: | GlobalData | 59 Pages | Delivery time: 1-2 business days

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Construction in Saudi Arabia - Key Trends and Opportunities to 2025 (Q3 2021)
Published: September 30, 2021
GlobalData
Content info: 59 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents
Description

The construction industry in Saudi Arabia is expected to expand by 2.9% in real terms this year, after contracting by 0.4% in 2020; the industry's output this year will be supported by the easing of restrictions, gradual recovery in overall economic conditions and investments in the healthcare sector. The industry is projected to continue recovering over the remainder of the forecast period, registering an annual average growth of 4% between 2022-2025, supported by the government's investment on infrastructure and housing development projects.

With the collapse of oil prices and disruptions due to the Coronavirus (COVID-19) outbreak, in December 2020, the government announced a SAR990 billion (US$264 billion) budget for 2021, marking a 7% cut in government spending this year. In 2021, the government allocated SAR101 billion (US$26.9 billion) towards capital expenditure, which marks a 26% decline compared to the previous budget of SAR137 billion (US$36.5 billion). Of the total capital expenditure in 2021, 19% was allocated for education, 18% for health and social development and 5% for infrastructure and transportation. The government will maintain its commitment towards Vision 2030 goals, particularly in areas such as the housing program, quality of life program and mega projects, while allocating contingent funds towards addressing the risks related to the pandemic. Over the forecast period, the construction industry's output will be supported by the huge pipeline of projects such as Neom (a proposed gigacity on the Egyptian-Jordanian border), the Red Sea project, AMAALA and Qiddiya. In March 2021, Crown Prince Mohammed bin Salman, architect of the Saudi Vision 2030 programme, stated that the state-backed Public Investment Fund (PIF) will pump at least SAR150 billion (US$40 billion) into the local economy each year through 2025, with the PIF aiming to increase its assets to SAR4 trillion (US$1.1 trillion) by that year.

GlobalData's Construction in Saudi Arabia - Key Trends and Opportunities to 2025 (Q3 2021) report provides detailed market analysis, information and insights into 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 (2016-2020) and forecast (2021-2025) 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
Product Code: GDCN0748MR

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
  • Contact Us

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), 2016-2025
  • Table 4: Saudi Arabia, Top Commercial Construction Projects by Value
  • Table 5: Saudi Arabia, Industrial Construction Output by Project Type (Real % Change), 2016-2025
  • Table 6: Saudi Arabia, Top Industrial Construction Projects by Value
  • Table 7: Saudi Arabia, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
  • Table 8: Saudi Arabia, Top Infrastructure Construction Projects by Value
  • Table 9: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
  • Table 10: Saudi Arabia, Top Energy and Utilities Construction Projects by Value
  • Table 11: Saudi Arabia, Institutional Construction Output by Project Type (Real % Change), 2016-2025
  • Table 12: Saudi Arabia, Top Institutional Construction Projects by Value
  • Table 13: Saudi Arabia, Residential Construction Output by Project Type (Real % Change), 2016-2025
  • 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, US$ 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 Africa, Construction Output (Real % Change), 2020 and 2021
  • Figure 2: Saudi Arabia, Construction Projects Pipeline by Sector (US$ Billion)
  • 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, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
  • Figure 7: Saudi Arabia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
  • Figure 8: Saudi Arabia, Construction Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 9: Saudi Arabia, Real Estate Price Index (2014=100)
  • Figure 10: Saudi Arabia, Quarterly Change in Unemployment Rate (In %)
  • Figure 11: Saudi Arabia, Bank Credit to Building and Construction (In SAR Million), % Change YoY
  • Figure 12: Saudi Arabia, Construction Projects Momentum Index
  • Figure 13: Middle East and North Africa, Construction Projects Momentum Index
  • Figure 14: Saudi Arabia, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 15: Saudi Arabia, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 16: Saudi Arabia, Wholesale and Retail Trade, Restaurants and Hotels Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 17: Saudi Arabia, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 18: Saudi Arabia, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 19: Saudi Arabia, Manufacturing Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 20: Saudi Arabia, Non-Oil Sector's Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 21: Saudi Arabia, Industrial and Manufacturing Production Index
  • Figure 22: Saudi Arabia, Total Merchandise Export (SAR Million), % Change YoY
  • Figure 23: Saudi Arabia, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 24: Saudi Arabia, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 25: Saudi Arabia, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 26: Saudi Arabia, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 27: Saudi Arabia, Oil Sector's Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 28: Saudi Arabia, Gas and Water Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 29: Saudi Arabia, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 30: Saudi Arabia, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 31: Saudi Arabia, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 32: Saudi Arabia, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 33: Saudi Arabia, Real Estate Value Add (SAR Million, 2010 Constant Prices), % Change YoY
  • Figure 34: Saudi Arabia, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 35: Saudi Arabia, Headquarters of Key Consultants (% of Total Project Pipeline)