How big is the Saudi Arabia Construction Market?

The Saudi Arabia Construction Market size is expected to reach USD 70.33 billion in 2024 and grow at a CAGR of 5.37% to reach USD 91.36 billion by 2029. Read More

What is the current Saudi Arabia Construction Market size?

In 2024, the Saudi Arabia Construction Market size is expected to reach USD 70.33 billion. Read More

Who are the key players in Saudi Arabia Construction Market?

Bechtel, CB&I LLC, Fluor Corp., Tekfen Construction and Installation Co. Inc. and Gilbane Building Co. are the major companies operating in the Saudi Arabia Construction Market. Read More

What years does this Saudi Arabia Construction Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Construction Market size was estimated at USD 66.55 billion. The report covers the Saudi Arabia Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

How is the Saudi Arabia Construction Market segmented by sector?

Saudi Arabia Construction Market segmented by sector includes a) Commercial Construction b) Industrial Construction C) Infrastructure Construction D) Energy and Utilities Construction e) Institutional Construction, and Residential Construction. Read More

Saudi Arabia Construction Market Analysis | Industry Trends, Size & Forecast Report

Saudi Arabia Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Saudi Arabian Construction Market Analysis and is Segmented by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), and Energy and Utility Construction). The Market Size and Forecasts are Provided in Value (USD) for all the Above Segments.

Saudi Arabia Construction Industry Overview

The Saudi Arabian construction market is fragmented and highly competitive, with the presence of major international players. The Saudi Arabian construction market will present opportunities for growth during the forecast period, which is expected to further drive the competition in the market. With a few players holding a significant market share, the Saudi Arabian construction market has an observable level of consolidation. Some of the key players include JGC Corp., SNC-Lavalin, Fluor Corp., Van Oord Dredging & Marine Contractors BV, and VINCI. The government's focus on creating general infrastructure and energy and utility construction projects to diversify its economy away from the oil industry is anticipated to help the construction industry's output.