Saudi Arabia Construction Market Discussed by Timetric in New Research Report Published at MarketPublishers.com16 Dec 2014 • by Natalie Aster
LONDON – Saudi Arabia’s construction industry was valued at around USD 70 billion in 2013, recording 10% CAGR during 2009-2013. The growth in the industry was supported by the 9th Development Plan for the period from 2010 to 2014. In the offing, the industry’s expansion is expected to be supported by the rising tourism industry and massive investments in the residential and infrastructure sectors. Industrial construction is set to be supported by the government’s focus on the diversification of the national economy. The industry’s growth will likely be enhanced by the growing population plans to deal with the severe shortage of housing, as well as endeavors to develop the transportation network and renewable power infrastructure. The domestic construction industry’s output is forecast to post a CAGR of just under 11% during the forecast period to be worth nearly USD 118 billion by 2018.
Infrastructure construction was the industry’s leading sector as of 2013, accounting for over 35% of its overall value and posting 11% CAGR over the analysis period. Through to 2018, the market is expected to grow at the fastest rate, fuelled by robust economic growth, investments in infrastructure projects, and the government’s plans to develop renewable energy.
New study “Construction in Saudi Arabia – Key Trends and Opportunities to 2018” elaborated by Timetric offers an in-depth analysis and forecast of the Saudi Arabian construction sector.
The report presents historical (2009-2013) and forecasted (2014-2018) valuations of the national construction industry (with the use of construction value-add and output methods); market segmentation by sector and project type; breakdown of values within each type of project (by cost type and type of activity). It gives an overview and deep analysis of key industry related themes, including cost management, regulatory landscape, pricing and funding issues. Detailed profiles of top-notch companies are at hand in the report, which is essential for those who want to take the upper hand over business rivals. The research study takes a keen look at the impact of different issues and trends with respect to the Saudi Arabian construction industry, as well as examines major opportunities and risks being faced by the industry participants.
Construction in Saudi Arabia – Key Trends and Opportunities to 2018
Published: December, 2014
Price: US$ 1,950.00
More new reports by the publisher can be found at Timetric page.