The significance of construction in Saudi Arabia is underscored by its suite of Giga projects, transport and mobility schemes, such as Riyadh Metro, social infrastructure developments, such as the Ministry of Housing’s Sakani program, and energy megaprojects, such as the state-owned Aramco’s Berri and Marjan oil fields.
Currently, the country's economy is entering a post-oil era in which the kingdom’s mega-cities, which are under construction, will provide future growth. According to the industry sources, more than 5,200 construction projects are currently ongoing in Saudi Arabia at a value of USD 819 billion. These projects account for approximately 35% of the total value of active projects across the Gulf Cooperation Council (GCC).
Some of the major urban construction projects in Saudi Arabia include the King Abdullah Security Compounds (Phase 5) and the Grand Mosque (Holy Haram Mosque expansion), each valued at USD 21.3 billion and developed by the Ministry of Municipalities and Rural Affairs in Makkah.
The top construction projects in Saudi Arabia include Neom, the Red Sea Project, Qiddiya entertainment city, Amaala, Jean Nouvel’s Sharaan resort in Al-Ula, Makkah Grand Mosque – Third Expansion, Jeddah Tower, Ministry of Housing’s Sakani homes, Jabal Omar, Al Widyan, Riyadh Metro, Riyadh Rapid Bus Transit System, King Fahd Medical City Expansion, King Abdullah Bin Abdulaziz Medical Complexes, King Salman Energy Park (Spark), Saudi Aramco’s Berri and Marjan, Hanergy Solar Park, Dumat Al Jandal Wind Power Plant, Saudi Aramco-Total’s PIB factory, and Pan-Asia bottling facility.
The significance of construction in Saudi Arabia is underscored by its suite of Giga projects, transport and mobility schemes, such as Riyadh Metro, s
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The Saudi Arabian construction market is expected to register a CAGR of more than 5% over the forecast period, 2022–2027. Prior to the COVID-19
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Several projects, with a combined value of nearly $1 trillion, have been unveiled across Saudi Arabia since 2016, thanks to the government’s Vis
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