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Saudi Arabia Construction Market Size To Reach USD 135.6 Billion by 2033 | CAGR of 3.7%

12-30-2024 10:19 AM CET | Industry, Real Estate & Construction

Press release from: IMARC Group

Saudi Arabia Construction Market Size

Saudi Arabia Construction Market Size

๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐›๐ข๐š ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

๐๐š๐ฌ๐ž ๐˜๐ž๐š๐ซ: ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’
๐‡๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐œ๐š๐ฅ ๐˜๐ž๐š๐ซ๐ฌ: ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’
๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐˜๐ž๐š๐ซ๐ฌ: ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’: ๐”๐’๐ƒ ๐Ÿ—๐Ÿ•.๐Ÿ– ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘: ๐”๐’๐ƒ ๐Ÿ๐Ÿ‘๐Ÿ“.๐Ÿ” ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž: ๐Ÿ‘.๐Ÿ•% (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘)

The Saudi Arabia construction market size was valued at ๐”๐’๐ƒ ๐Ÿ—๐Ÿ•.๐Ÿ– ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2024. Looking forward, IMARC Group estimates the market to reach ๐”๐’๐ƒ ๐Ÿ๐Ÿ‘๐Ÿ“.๐Ÿ” ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2033, exhibiting a CAGR of ๐Ÿ‘.๐Ÿ•% from 2025-2033.

๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐›๐ข๐š ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The market in Saudi Arabia is primarily driven by the rising demand for urban infrastructure, as rapid urbanization is encouraging investments in new housing and commercial developments. In line with this, an enhanced focus on sustainability and eco-friendly building practices is augmenting the market as developers are increasingly adopting green construction methods and energy-efficient solutions. Moreover, the rising government investments in infrastructure projects, such as roads, bridges, and airports, are acting as a significant growth-inducing factor for the market.

Additionally, ongoing technological advancements in construction equipment and techniques, such as automation and robotics, are enhancing operational efficiencies, thereby bolstering market growth. Furthermore, the increasing availability of affordable financing options is fueling the demand for construction projects, as both the public and private sectors are securing funding more easily. Besides, the widening tourism industry is also driving the construction of new hotels, resorts, and entertainment facilities. In addition, an enhanced focus on smart city development is creating lucrative opportunities, with demand for intelligent infrastructure solutions.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/saudi-arabia-construction-market/requestsample

๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐›๐ข๐š ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž & ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

The market is expanding significantly due to the government's Vision 2030 initiative, which is focusing on diversifying the economy by investing heavily in infrastructure and real estate projects. In line with this, the increasing demand for residential properties is acting as a major growth driver, as a growing population and urbanization fuel the need for housing. Moreover, the growing focus on large-scale infrastructure projects, such as the development of NEOM and Red Sea tourism projects, is creating substantial opportunities in the construction market.

Additionally, the continuous expansion of the transportation network, including metro systems and highways, is driving the market as it supports better connectivity. Furthermore, the demand for commercial buildings is rising as the country seeks to position itself as a global business hub, attracting international investments. In addition, the advancement of digital technologies, such as building information modeling (BIM) and construction drones, is improving project efficiencies and enhancing overall market prospects. The increasing influx of foreign investments is also acting as a key factor in expanding the market scope, creating more opportunities for growth.

๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐›๐ข๐š ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐“๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐œ๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ:

๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐›๐ฒ ๐’๐ž๐œ๐ญ๐จ๐ซ:

โ€ข Residential
โ€ข Commercial
โ€ข Industrial
โ€ข Infrastructure (Transportation)
โ€ข Energy and Utilities Construction

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข Northern and Central Region
โ€ข Western Region
โ€ข Eastern Region
โ€ข Southern Region

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

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:

โ€ข AFRAS
โ€ข AL Jazirah Engineers & Consultants
โ€ข Al Latifa Trading and Contracting
โ€ข Bechtel Corporation
โ€ข Fluor Corporation
โ€ข Gilbane Inc.
โ€ข Jacobs
โ€ข Tekfen Construction

๐๐ฅ๐ž๐š๐ฌ๐ž ๐ง๐จ๐ญ๐ž ๐ญ๐ก๐š๐ญ ๐ญ๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ฅ๐ฒ ๐š ๐ฉ๐š๐ซ๐ญ๐ข๐š๐ฅ ๐ฅ๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ, ๐š๐ง๐ ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐ฅ๐ข๐ฌ๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ.

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐…๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง: https://www.imarcgroup.com/request?type=report&id=16893&flag=C

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’)
โ€ข ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘)
โ€ข COVID-19 Impact on the Market
โ€ข Porter's Five Forces Analysis
โ€ข Strategic Recommendations
โ€ข Historical, Current and Future Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Structure of the Market
โ€ข Value Chain Analysis
โ€ข Comprehensive Mapping of the Competitive Landscape

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐œ๐š๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ€ข ๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐›๐ข๐š ๐…๐ฎ๐ž๐ฅ ๐’๐ญ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.imarcgroup.com/saudi-arabia-fuel-station-market/requestsample

โ€ข ๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐›๐ข๐š ๐๐จ๐ฐ๐ž๐ซ ๐„๐๐‚ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.imarcgroup.com/saudi-arabia-power-epc-market/requestsample

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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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