GCC Construction Market Size to Reach USD 226.2 Billion by 2033 | With a 4.9% CAGR

GCC Construction Market Overview

Market Size in 2024: USD 147.1 Billion

Market Size in 2033: USD 226.20 Billion

Market Growth Rate 2025-2033: 4.9%

According to IMARC Group's latest research publication, "GCC Construction Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC construction market size was valued at USD 147.1 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 226.2 Billion by 2033, exhibiting a CAGR of 4.9% during 2025-2033.

How AI is Reshaping the Future of GCC Construction Market

● AI automates project planning and design, reducing takeoff times from weeks to minutes while improving cost estimation accuracy by up to 30%, enabling faster execution of mega-projects like NEOM and The Line.

● Computer vision and real-time AI monitoring enhance site safety, cutting workplace accidents by 25% across GCC projects and supporting stricter compliance with regional labor and safety regulations.

● Predictive maintenance powered by IoT and AI minimizes equipment downtime by 20%, optimizes supply chains, and helps counter labor shortages and rising material costs in Saudi Arabia and UAE.

● Digital twins allow real-time simulation of construction scenarios, reducing energy consumption by 15% and supporting Qatar and UAE in achieving green building certifications and net-zero targets by 2050.

Grab a sample PDF of this report: https://www.imarcgroup.com/gcc-construction-market/requestsample

How Vision 2030 is Revolutionizing GCC Construction Industry

Vision 2030 and parallel national agendas across the GCC are redirecting hundreds of billions from oil revenues into diversified infrastructure and real estate, triggering the region's largest-ever construction boom. Saudi Arabia alone has committed over $1.3 trillion to giga-projects including NEOM, Qiddiya, and the Red Sea Global developments, creating demand for smart cities, entertainment districts, and sustainable tourism assets. The UAE complements this through Dubai 2040 Urban Master Plan and Abu Dhabi Vision 2030, focusing on mixed-use precincts, vertical living, and green mobility networks. Qatar continues post-World Cup momentum with Lusail City expansion and new metro phases, while Oman and Bahrain accelerate port, logistics, and affordable housing programs. These initiatives collectively drive a 5-6% annual construction growth rate, prioritize modular and low-carbon building methods, and aim to create over 2 million direct jobs by 2030, permanently shifting the GCC from oil-field to skyline economies.

GCC Construction Market Trends & Drivers:

The GCC construction sector is experiencing robust growth driven by economic diversification strategies and massive public investment programs totaling more than $3 trillion in announced projects. Mega-developments, tourism targets, and population growth are fueling demand for residential towers, hospitality assets, transport infrastructure, and renewable energy facilities. Governments are enforcing stricter sustainability standards, pushing contractors toward green materials, solar integration, and LEED/GSAS certifications on most new awards.

Technology adoption has accelerated sharply, with over 70% of major contractors now deploying BIM, digital twins, drones, and AI platforms to combat labor shortages and rising costs. Modular and off-site construction methods are gaining traction, reducing project timelines by 20-30% and supporting aggressive delivery schedules for Vision 2030 milestones and upcoming global events such as Expo 2030 Riyadh and FIFA World Cup 2034 in Saudi Arabia.

GCC Construction Industry Segmentation:

The report has segmented the market into the following categories:

Sector Insights:

● Commercial Construction
● Residential Construction
● Industrial Construction
● Infrastructure (Transportation) Construction
● Energy and Utilities Construction

Country Insights:

● Saudi Arabia
● United Arab Emirates
● Qatar
● Kuwait
● Oman
● Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in GCC Construction Market

● May 2025: UAE's Masdar City expansion project integrates advanced 3D printing construction technology, completing the world's largest 3D-printed residential complex with 100 smart homes featuring integrated IoT systems and sustainable building materials.

● March 2025: Saudi Arabia's Red Sea Global completes the first luxury resort island using 100% renewable energy and coral reef restoration technology, demonstrating innovative marine construction techniques and sustainable tourism infrastructure development.

● April 2025: Qatar announces the completion of Lusail City's final phase ahead of schedule, showcasing advanced smart city infrastructure, autonomous transportation systems, and energy-efficient district cooling that reduces energy consumption by 40%.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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 provides 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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This release was published on openPR.