Summary

Saudi Arabia’s construction industry is forecast to recover in 2021, growing by 2.9% in 2021, after contracting by 0.4% in 2020. The industry is projected to continue to recover over the remainder of the forecast period, growing by 4% between 2022-2025. The industry’s output is expected to be supported by the government’s focus on the development of overall infrastructure, as well as energy and utilities construction projects, in a bid to diversify its economy away from oil.

With the collapse of oil prices and disruptions due to the COVID-19 outbreak, in December 2020, the government announced a SAR990 billion (US$263.9 billion) budget for 2021. The Kingdom’s budget statement showed a cut to government spending of 7% in 2021, implying that the main policy goal for the Kingdom in the short term is to reduce the budget deficit, rather than boost economic growth. However, there is a huge pipeline of projects related to the long-term diversification plans under Vision 2030. This was underlined by the crown prince’s announcement in January 2021 that the Public Investment Fund (PIF) is to invest SAR3 trillion (US$800 billion) on projects in the country over the next decade.

This 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 (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.