Construction in Saudi Arabia - Key Trends and Opportunities to 2018, New Study on ASDReports

Friday 12 December 2014, Amsterdam

The brand new report now available on ASDReports, provides detailed market analysis, information and insights into the Saudi Arabian construction industry, including growth prospects by market, project type and type of construction activity.  You will also find analysis of equipment, material and service costs across each project type within Saudi Arabia. Make use of the critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in a unique market. Keep up to date with profiles of the leading operators within this sky-scraping industry along with data highlights of the largest construction projects in Saudi Arabia.

The difference
• Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies to enhance your business opportunities

• Assess market growth potential at a micro-level with over 600 time-series data forecasts which will enable you to refer to in depth at your fingertips

• Assess business risks, including cost, regulatory and competitive pressures to ensure you make the right moves for your business

Additional Report Highlights
The Saudi Arabian construction industry recorded a compound annual growth rate (CAGR) of 10% during the review period (to 2013) and valued SAR262 billion (under US$70 billion) in 2013. During the review period, growth in the construction industry was supported by the Ninth Five Year Development Plan implemented for the period 2010–2014. Growth in the tourism sector and investments in the infrastructure and residential markets will support the industry’s expansion over the forecast period (to 2018). Industrial construction will be supported by government focus on diversifying the country’s economy. A rising population plans to overcome the housing shortage, and efforts to develop the transport network and renewable energy infrastructure will enhance industry growth. Consequently, the construction industry’s output is expected to record a forecast-period CAGR of just under 11%, to reach a value of SAR441.2 billion (under US$118 billion) by 2018..

Infrastructure construction was the industry’s largest market in 2013 and accounted for 37% of its total value. The market recorded a review-period CAGR of 11%, to value SAR97billion in 2013. The market’s growth will be supported by infrastructure investments. The government increased public expenditure on transport and infrastructure by 16% in the 2013 budget, to reach SAR65 billion. Strong economic growth and government plans to develop renewable energy will ensure infrastructure development. Infrastructure construction is, therefore, expected to be the fastest-growing market in the industry