Saudi Arabia Infrastructure Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 36.00 Billion |
| Market Size (2029) | USD 44.81 Billion |
| CAGR (2024 - 2029) | 4.48 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Infrastructure Market Analysis
The Saudi Arabia Infrastructure Sector Market size is estimated at USD 36 billion in 2024, and is expected to reach USD 44.81 billion by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).
Saudi Arabia has announced a trillion-dollar pipeline of infrastructure projects aimed at diversifying the economy beyond oil and positioning the kingdom as a global hub for investment and logistics. The development agenda has created opportunities in a range of new areas such as smart cities, tourism, and clean energy.
The Qiddiya project, located 45 km west of Riyadh, is being developed as a city for entertainment, sports, and arts, and also has a completion date of 2022 for the first phase. With initial infrastructure costs of USD 8bn, the project needs additional investments to reach its goal of 17million visitors per year by 2035. Amala, a USD 3bn luxury wellness tourism project, planned for construction near NEOM and The Red Sea Project in the north-west, is scheduled to open its first phase in 2020.
The Economic Cities Authority has been set up to rekindle investor interest in older economic cities projects like King Abdullah Economic City. Other planned projects aim to address a specific social challenge. For example, to tackle the shortage in affordable housing, the housing ministry has set up the Sakani programme, which aims to provide housing options for thousands of Saudis. To ease congestion in urban areas and address climate change, the High Commission for the Development of Arriyadh (ADA) has signed the world's biggest civil-engineering contract for a six-line metro valued at USD 22.5bn, while the Ministry of Energy, Industry and Mineral Resources (MEIM) has plans to deploy 9.5 GW of renewable energy by 2023.
Saudi Arabia Infrastructure Market Trends
This section covers the major market trends shaping the Saudi Arabia Infrastructure Sector Market according to our research experts:
Growing Power sector:
While evolving customer demands and accelerating technological innovations will change the way the world buys, sells, and regulates electricity, the sector will be challenged by the very pace of the transformation.
Saudi Arabia's energy sector will witness an era of high-speed digital transformation as an investment of USD 90 billion fast-tracks its Vision 2030 sustainability, R&D, and manufacturing aims.
SEPCOIII Electric Power Construction Co, a subsidiary of POWERCHINA, signed an engineering procurement construction contract in 2019 with national power utility Saudi Electricity Company for the PP13 power plant project in Saudi Arabia.
Increase in GDP:
The Kingdom of Saudi Arabia implemented significant cuts in oil production in 2019, as part of an OPEC+ agreement. These have contributed to softening GDP growth to 1.7% year-on-year (y/y) in Q1 2019 from 2.4% in 2018. With US shale production continuing to increase in the first half of 2019, Saudi Arabia's oil production cuts were deeper than pledged, with output in July standing at 9.65mbd versus the voluntary limit under the OPEC+ accord of 10.3mbd.
Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly USD 429 billion) in private sector investment over the next 10 years for a landmark infrastructure and industrial program as part of its economic diversification campaign.
Realizing the balanced-budget target by 2023 (as in the Fiscal Balance Program) is contingent on sustained fiscal consolidation and higher oil prices. The current account surplus is projected to widen with a shrinking trade surplus from lower oil exports receipts and higher private demand and Vision 2030-related infrastructure imports
Saudi Arabia Infrastructure Industry Overview
The report covers the major players operating in the Infrastructure sector in Saudi Arabia. The market is fragmented and the market expected to grow during the forecast period due to upcoming projects and other several factors are driving the market.
Saudi Arabia Infrastructure Market Leaders
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EL SEIF GROUP COMPANY LTD
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Bechtel
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CB&I LLC
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China Energy Engineering Corp. Ltd.
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China Railway Construction Corp. Ltd
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Infrastructure Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain / Supply Chain Analysis
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4.5 Porters 5 Force Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
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4.6 Market Insights
- 4.6.1 Current Economic and Construction Market Scenario
- 4.6.2 Technological Innovations in the industry
- 4.6.3 Impact of Government Regulations and Initiatives on the Industry
- 4.6.4 Impact of COVID -19 on the market
5. MARKET SEGMENTATION
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5.1 By Infrastructure segment
- 5.1.1 Social Infrastructure
- 5.1.1.1 Schools
- 5.1.1.2 Hospitals
- 5.1.1.3 Defence
- 5.1.1.4 Others
- 5.1.2 Transportation Infrastructure
- 5.1.2.1 Railways
- 5.1.2.2 Roadways
- 5.1.2.3 Airports
- 5.1.2.4 Waterways
- 5.1.3 Extraction Infrastructure
- 5.1.3.1 Power Generation
- 5.1.3.2 Electricity Transmission & Disribution
- 5.1.3.3 Water
- 5.1.3.4 Gas
- 5.1.3.5 Telecoms
- 5.1.4 Manufacturing Infrastructure
- 5.1.4.1 Metal and Ore Production
- 5.1.4.2 Petroleum Refining
- 5.1.4.3 Chemical Manufacturing
- 5.1.4.4 Industrial Parks and clusters
- 5.1.4.5 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
- 6.2 Mergers & Acquisitions
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6.3 Company Profiles
- 6.3.1 EL SEIF GROUP COMPANY LTD
- 6.3.2 Bechtel
- 6.3.3 CB&I LLC
- 6.3.4 China Energy Engineering Corp. Ltd.
- 6.3.5 China Railway Construction Corp. Ltd
- 6.3.6 Fluor Corp.
- 6.3.7 Tekfen Construction and Installation Co. Inc.
- 6.3.8 Al Latifa Trading and Contracting
- 6.3.9 Jacobs
- 6.3.10 AL Jazirah Engineers & Consultants
- 6.3.11 Afras For Trading And Contracting Company
- 6.3.12 Samsung C&T*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
** Subject To AvailablitySaudi Arabia Infrastructure Industry Segmentation
The Infrastructure in Saudi Arabia covers the growing construction projects in different sectors, like Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, Manufacturing Infrastructure. Along with the scope of the report also it analyses the key players and the competitive landscape in the Infrastructure sector in Saudi Arabia. The report also covers the impact of COVID - 19 on the market.
| By Infrastructure segment | Social Infrastructure | Schools |
| Hospitals | ||
| Defence | ||
| Others | ||
| By Infrastructure segment | Transportation Infrastructure | Railways |
| Roadways | ||
| Airports | ||
| Waterways | ||
| By Infrastructure segment | Extraction Infrastructure | Power Generation |
| Electricity Transmission & Disribution | ||
| Water | ||
| Gas | ||
| Telecoms | ||
| By Infrastructure segment | Manufacturing Infrastructure | Metal and Ore Production |
| Petroleum Refining | ||
| Chemical Manufacturing | ||
| Industrial Parks and clusters | ||
| Others |
Saudi Arabia Infrastructure Market Research FAQs
How big is the Saudi Arabia Infrastructure Sector Market?
The Saudi Arabia Infrastructure Sector Market size is expected to reach USD 36.00 billion in 2024 and grow at a CAGR of 4.48% to reach USD 44.81 billion by 2029.
What is the current Saudi Arabia Infrastructure Sector Market size?
In 2024, the Saudi Arabia Infrastructure Sector Market size is expected to reach USD 36.00 billion.
Who are the key players in Saudi Arabia Infrastructure Sector Market?
EL SEIF GROUP COMPANY LTD, Bechtel, CB&I LLC, China Energy Engineering Corp. Ltd. and China Railway Construction Corp. Ltd are the major companies operating in the Saudi Arabia Infrastructure Sector Market.
What years does this Saudi Arabia Infrastructure Sector Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Infrastructure Sector Market size was estimated at USD 34.46 billion. The report covers the Saudi Arabia Infrastructure Sector Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Infrastructure Sector Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Infrastructure Industry Report
Statistics for the 2024 Saudi Arabia Infrastructure market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Infrastructure analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
