openPR Logo
Press release

Construction in Saudi Arabia Key Trends and Opportunities to 2021 - Construction Market Report

05-22-2017 10:00 AM CET | Industry, Real Estate & Construction

Press release from: Construction Market Reports - MRH

Market Research HUB

Market Research HUB

In real terms, the Saudi Arabian construction industry output contracted by 1.9% in 2016, following average annual growth of 6.2% during the preceding four years. This decline was mainly due to low oil prices and the country's high fiscal deficits; both reduced the governments spending power.

The country's construction industry is expected to contract further in real terms in 2017 by 0.2%, before regaining growth momentum. Growth over the forecast period (20172021) is expected to be supported by government focus on developing transport infrastructure, energy and utilities facilities, and affordable housing across the country.

Under the National Transformation Program (NTP) 2020 and the Saudi Arabia Vision 2030, the government plans to develop sea ports, railway lines, airports and manufacturing facilities, with an aim to reduce the country's dependency on the oil sector and reduce unemployment.

Request Free Sample Report - http://www.marketresearchhub.com/enquiry.php?type=S&repid=1070390

The industry's output value in real terms is expected to record a compound annual growth rate (CAGR) of 0.44% over the forecast period, compared to 4.48% during the review period.

Summary
Timetrics Construction in Saudi Arabia, Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Saudi Arabian construction industry, including:

Saudi Arabia construction industry's growth prospects by market, project type and construction activity

Analysis of equipment, material and service costs for each project type in Saudi Arabia

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Saudi Arabian construction industry

Profiles of the leading operators in the Saudi Arabian construction industry

Data highlights of the largest construction projects in Saudi Arabia

Scope
This report provides a comprehensive analysis of the construction industry in Saudi Arabia. It provides:

Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Saudi Arabia using construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Detailed profiles of the leading construction companies in Saudi Arabia

Browse Full Report with TOC - http://www.marketresearchhub.com/report/construction-in-saudi-arabia-key-trends-and-opportunities-to-2021-report.html

Reasons To Buy
Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

Assess market growth potential at a micro-level with over 600 time-series data forecasts.

Understand the latest industry and market trends.

Formulate and validate strategy using Timetric's critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

Key Highlights
Saudi Arabia is currently facing a shortage of affordable housing as a result of its growing population and urbanization. According to the Saudi Arabias Housing Ministry, 3.3 million new housing units are required to be built by 2025, in order to address the country's chronic housing shortage. Consequently, the government is taking help from foreign countries to build residential buildings in the country. In September 2016, the government signed a memorandum of understanding with the Chinese government to build 100,000 new homes in Al-Ahsa province.

In 2016, the government launched NTP 2020 with an investment of SAR268.0 billion (US$71.5 billion), in order to increase revenue from non-oil sectors and reduce its reliance on oil products. Under this program, it plans to increase the revenue of non-oil sectors from SAR163.5 billion (US$43.6 billion) in 2016 to SAR530.0 billion (US$141.0 billion) by 2020, while increasing non-oil products export value from SAR185.0 billion (US$49.3 billion) to SAR330.0 billion (US$88.0 billion).

The government plans to increase the productivity and efficiency of the countrys aviation industry. Accordingly, it is focusing on the expansion of airports under the public-private partnership (PPP) and build, operate and transfer (BOT) models, with an aim to handle 100 million air passengers by 2020.

The government is focusing on the development of renewable energy infrastructure with an aim to reduce their dependency on natural oil and gas. Under the National Renewable Energy Program, the government plans to install 54.0GW of new renewable energy power plants across the region, with an investment of SAR408.8 billion (US$109.0 billion) by 2040.

The governments commitment to pursuing quality development and increasing expenditure on educational infrastructure is expected to support the institutional construction market over the forecast period. Under the school construction project of the Gulf Cooperation Council, the Saudi Arabian government plans to build 44,411 new schools across the country by 2020.

Make an Enquiry - http://www.marketresearchhub.com/enquiry.php?type=enquiry&repid=1070390

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : press@marketresearchhub.com
Website : http://www.marketresearchhub.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Construction in Saudi Arabia Key Trends and Opportunities to 2021 - Construction Market Report here

News-ID: 544605 • Views: 214

More Releases from Construction Market Reports - MRH

French Construction Industry Expected To Recover and Register Positive Growth ov …
Market Research Hub (MRH) has included a new research report titled “Construction in France Key Trends and Opportunities to 2021”, which provides detailed market analysis, information and insights into the French construction industry. The French construction industry's growth prospects by market, project type and construction activity. Request Free Sample Report @ http://www.marketresearchhub.com/enquiry.php?type=S&repid=1328146 Synopsis: Following two years of contraction, the French construction industry recovered slightly in 2016, mainly due to a recovery in
Global Sound And Thermal Insulation Sales Market, Analysis, Production, Revenue …
“Global Sound And Thermal Insulation Sales Market Reports September, 2017”, which enlightens the readers about the market share as well as growth rate during the period 2017-2022 The research study estimates that the construction sector would be rising with a positive CAGR during the same stated forecast period. Request free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=1324438 Geographically, this report split global into several key Regions, with sales (K sqm), revenue (Million USD), market share and
Global Ocean Marker Equipment Sales Market Report : Revenue, Share, Growth, Size …
A fresh report has been added to the wide database of Market Research Hub (MRH). The research study is titled “Global Ocean Marker Equipment Sales Market Report” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that the sector for Construction would rise at a positive CAGR during the period 2017-2022. Request For Free
Middle East and Africa Tunnel Construction Projects: Market Insights Based on ov …
Market Research Hub (MRH) has included a new research report titled “Project Insight - the Middle East and Africa Tunnel Construction Projects”, which provides detailed market analysis, information, and insights based on almost 40 CIC projects in the Middle East and Africa market. The report provides detailed metrics on the region's tunnel related construction projects (as tracked by CIC) split by country, type, and value. Detailed metrics are also provided

All 5 Releases


More Releases for Saudi

Saudi Arabia Infrastructure Research Report
The report provides a detailed analysis of the Infrastructure sector in Saudi Arabia, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors and the major projects in the construction pipeline. Request A Free Sample Report- http://www.marketresearchhub.com/enquiry.php?type=S&repid=1311098 The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary With a young and growing population, together with rapid
Saudi Arabia Electronic Security Market-6Wresearch
Rising Security Concerns, Surging Security Spending and Large Scale Infrastructure Development to Boost the Demand for Electronic Security Systems in Saudi Arabia – 6Wresearch Infrastructure development in Saudi Arabia is accelerating at a rapid pace on account of government initiatives for economic diversification. However, with infrastructure development, country is also facing serious threats from the rising terrorism in the Middle East region. Electronic security market in the country is expected to
Saudi Arabia Radio LIve
Saudi Arabia Live Radio is created for the sake of our contemporary users to accommodate their demands and expectations. This innovative application is full of comprehensive Radio Stations, which are renewed and extended from time to time by the sophisticated professionals. The following app is absolutely free of charge and provides you with an exclusive opportunity to listen to your favorite music and newsworthy programs, as well as news from
Saudi Privatization Summit 2016 – “Unlocking the hidden potential of Saudi A …
The current oil catastrophe and economic stress is compelling Saudi Arabia to transform and is set to create the World's biggest and Middle East’s strongest Sovereign Wealth Fund by welcoming International investments and privatizing state-owned companies. The Kingdom envisions to increase non-oil revenue to USD 120 Billion per year, by 2020 and a six-fold growth to USD 266 Billion per year by 2030. Diversifying traditionally-oil based economies and reducing the
Saudi Arabia Banks in Strong Financial Condition
According to our latest research offering “Saudi Arabia Banking Sector Outlook 2015”, the banking sector of Saudi Arabia is one of most well-regulated and capitalized sectors in the Middle-East region. The Kingdom ranks first in terms of banking assets, net income, profitability, net interest income, loans, and deposits. Unlike many banks around the world, Saudi Arabian banks remained in a healthy financial condition during recent euro zone crisis. It is
Engineering Insurance Gaining Momentum in Saudi Arabia
In Saudi Arabia, engineering insurance is one of the fastest growing insurance businesses as it provides coverage for a builder’s risks, construction, mechanical, and electrical breakdown. According to a new research report by RNCOS, the level of awareness regarding engineering insurance is currently low in Saudi Arabia as this type of insurance policy is offered by less number of players, and many contractors are unaware of the benefits offered by