Saudi Arabia Infrastructure Market Examined by Timetric in Its Insightful Research Report Available at MarketPublishers.com10 Oct 2017 • by Natalie Aster
LONDON – In foreseeable future, Saudi Arabia is expected to continue keeping the dominant position in the Middle East region as the largest country-wise construction market on the back of constantly rising young population along with robust industrialisation and urbanisation, amid other factors.
In 2016, the country’s infrastructure sector declined by 2.5% due to lower oil production, sluggish economic growth together with fiscal consolidation measures. However, by the end of the current year the infrastructure market in Saudi Arabia is predicted to rebound owing to increasing expenditures on infrastructure together with resumption of government payments to contractors.
Presently, there are over 100 strategic infrastructure construction projects (at different stages of development) in the country. The total investment value of these projects is estimated at appr. USD 446.7 billion. Electricity and power projects grab the lion’s share of all infrastructure projects in Saudi Arabia, with a total value reaching USD 274.8 billion; the second position belongs to railway projects, with a total value of nearly USD 90.9 billion.
By late 2017, the Saudi Arabian infrastructure market value is likely to reach USD 33.1 billion. By 2021, the market value is set to cross USD 37 billion.
Insightful research publication “Infrastructure Insight: Saudi Arabia” issued by Timetric includes a detailed analysis of the infrastructure sector in Saudi Arabia, highlighting the actual state of infrastructure sector in the country, giving in-depth insights into the regulatory and financial landscapes of this sector. Moreover, the report uncovers relevant data on investments and expenditures across the major market sectors and reviews the key construction projects in pipeline and anticipated to be launched. It provides deep insights into the main infrastructure sectors, gives data on the key political and financial institutions involved in the country’s infrastructure market, traces light on the competitive landscape. Additionally, the report discusses current and emerging trends across all main infrastructure sectors, gives details on the main companies operating in each sector and on their funding mechanisms and leading contractors. Five-year future forecasts for the Saudi Arabian infrastructure market are also available here.
Other Timetric’s topical research reports are provided in the publisher’s online catalogue at MarketPublishers.com.