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Saudi Arabia Construction Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 97.8 Billion
Market Forecast in 2033: USD 135.6 Billion
Market Growth Rate: 3.7% (2025-2033)
The Saudi Arabia construction market size was valued at USD 97.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 135.6 Billion by 2033, exhibiting a CAGR of 3.7% from 2025-2033.
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Saudi Arabia Construction Market Trends:
The market in Saudi Arabia is primarily driven by the increasing government investments in megaprojects, such as NEOM and the Red Sea Project. Additionally, the rising demand for residential and commercial spaces due to population growth and urbanization is creating lucrative opportunities for the market. Furthermore, the growing focus on sustainable construction practices and green building solutions is providing an impetus to the market.
Besides this, continual technological advancements in construction technologies, including building information modeling (BIM) and modular construction, are facilitating market growth. Moreover, the introduction of public-private partnerships (PPPs) to fund large-scale infrastructure projects is also a significant factor contributing to market expansion. In addition to this, the growing emphasis on the development of smart cities and digital infrastructure is resulting in an increased need for high-tech construction solutions, which is providing a boost to market growth.
Saudi Arabia Construction Market Scope & Growth Analysis:
The scope of the market in Saudi Arabia is significantly expanding due to the integration of cutting-edge technologies, such as artificial intelligence (AI) and 3D printing, which are redefining project execution and efficiency. As per the market analysis, the development of transport infrastructure, including new airports, ports, and rail networks, is transforming the connectivity landscape, which is also enhancing its scope.
Furthermore, the rise of mixed-use developments incorporating residential, retail, and recreational spaces is catering to evolving consumer preferences, which is positively impacting the market. Besides this, the establishment of special economic zones and industrial cities is creating a specialized requirement for construction services, thereby enriching market offerings. Moreover, the growing adoption of prefabricated and off-site construction techniques is streamlining project timelines and reducing costs, which is also broadening the market scope. Additionally, strategic collaboration between local and international construction firms is fostering innovation and expertise sharing, strengthening the overall market presence. In line with this, the influx of foreign direct investments in the construction sector is expanding market potential for growth and development.
Saudi Arabia Construction Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Saudi Arabia construction market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Sector:
Residential
Commercial
Industrial
Infrastructure (Transportation)
Energy and Utilities Construction
Regional Insights:
Northern and Central Region
Western Region
Eastern Region
Southern Region
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players include:
AFRAS
AL Jazirah Engineers & Consultants
Al Latifa Trading and Contracting
Bechtel Corporation
Fluor Corporation
Gilbane Inc.
Jacobs
Tekfen Construction
Please note that this is only a partial list of the key players, and the complete list is provided in the report.
Key highlights of the Report:
Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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