Saudi Arabia construction market stood at $ 32.6 billion in 2018 and is projected to grow to $ 43.5 billion by 2024, exhibiting a CAGR of over 5% during the forecast period, on account of significant investments in infrastructure and housing development projects. South Arabia is the most populous and largest country in the Middle East region. More than 5,200 construction projects have been rolled out in the country, which are valued at $ 819 billion, accounting for over 35% of the total value of active projects across GCC (Gulf Cooperation Council). Under Vision 2030, Saudi Arabia is increasing investments in technology and infrastructure development for economic diversification, which is expected to have a positive impact on the country’s construction market during forecast period.

Saudi Binladin Group is the leading player in Saudi Arabia construction market. Other major market players are Abdullah AM AL-Khodari Sons Company, Al Rashid Trading and Contracting Company, Al Arrab Contracting Company and Al Kifah Contracting Company.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast Saudi Arabia construction market size.
• To forecast Saudi Arabia construction market based on industry type and regional distribution.
• To identify drivers and challenges for Saudi Arabia construction market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia construction market.
• To conduct pricing analysis for Saudi Arabia construction market.
• To identify and analyze the profile of leading players operating in Saudi Arabia construction market.

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Regionally, Saudi Arabia construction market has been segmented into west, east, central  and Rest of Saudi. The Central region dominated the country’s construction market in 2018 and is expected to account for the largest market share in coming years, owing to large-scale projects in the region. Construction projects such as Al Faisaliya City, Dahiyat Al Fursan, Al Ruwaid Redevelopment are among some of the large-scale construction projects in Saudi Arabia. 

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading construction companies across Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the construction companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the industries served and presence of all major players operating in Saudi Arabia construction market.

TechSci Research calculated Saudi Arabia construction market size by using a top-down approach, wherein data for various industry type recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of construction industry for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Construction companies
• Government and other regulatory bodies
• Organizations, forums and alliances related to construction market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as construction companies and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia construction market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Industry Type:
• Industrial
• Commercial
• Infrastructure
• Residential
• Market, by Region:
• Central
• West
• East
• Rest of Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia construction market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.