Saudi Arabia Construction Market By Sector (Commercial {By Commercial Sector (Corporate Offices, Hospitality, Healthcare & Medical Facilities, Educational Institutions, Others)}, Industrial { By Industrial Sector (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pharmaceutical, Others)}, Infrastructure { By Infrastructure Sector (Government Buildings, Cultural and Entertainment Venues, Transportation Hubs, Others)}, Residential {By Residential Sector (Apartments, Villas, Traditional Houses, Others)}), By End-User (Private, Public), By Construction Type (New Construction, Renovation, Repair & Maintenance), By Region, Competition, Forecast & Opportunities, 2020-2030F
Market Overview
The Saudi Arabia Construction Market was valued at USD 104.76 billion in 2024 and is anticipated treach USD 174.37 billion by 2030, growing at a CAGR of 8.70% during the forecast period. The market is undergoing a transformative phase, driven by the strategic objectives of the Vision 2030 initiative, which aims tdiversify the nation's economy and reduce its reliance on oil revenues. Central tthis vision are mega-infrastructure projects such as NEOM, Qiddiya, and the Riyadh Metro, which underscore a national shift toward smart cities, sustainable urban environments, and technologically advanced public spaces. These developments reflect a broader focus on economic modernization and innovation. In parallel, Public-Private Partnerships (PPPs) and privatization initiatives are fostering private sector involvement in infrastructure expansion. Despite regulatory and labor-related challenges, the market continues tevolve with a strong emphasis on digital construction technologies, modular techniques, and sustainable building practices. As the Kingdom redefines its economic landscape, the construction sector remains a cornerstone of national development, driving forward progress through ambitious, large-scale investments and global collaborations.
Key Market Drivers
Vision 2030 and Economic Diversification
A key catalyst propelling the Saudi Arabia Construction Market is the Vision 2030 agenda, a comprehensive national strategy treduce dependence on oil and develop non-oil sectors. This initiative, introduced by Crown Prince Mohammed bin Salman, has led tincreased investments in infrastructure, urban development, and emerging industries. With over SAR 12 trillion (~USD 3.2 trillion) planned investments by 2030, Vision 2030 emphasizes large-scale construction of smart cities, economic zones, and integrated transport systems. Projects such as NEOM and Qiddiya illustrate the strategy's ambition, aiming tposition Saudi Arabia as a global hub for innovation, tourism, and entertainment. These developments significantly boost demand across residential, commercial, and industrial construction segments. As a result, the construction sector is playing a pivotal role in generating employment, attracting foreign investment, and enabling the Kingdom's transition ta more diversified and sustainable economic model.
Key Market Challenges
Regulatory Complexity and Administrative Hurdles
The Saudi construction sector faces notable challenges arising from complex regulatory processes and administrative bottlenecks. While Vision 2030 has created a favorable growth environment, inconsistencies in regulatory frameworks continue timpact project execution. Construction activities often require navigating overlapping jurisdictions and compliance with diverse regulatory standards across environmental, zoning, and safety dimensions. This fragmentation can lead tdelays in obtaining permits and approvals, affecting timelines and increasing project costs. Additionally, the bureaucratic burden involved in licensing and documentation creates inefficiencies that hamper responsiveness tevolving market demands. Addressing these challenges through regulatory simplification, improved transparency, and streamlined approval systems will be essential tfostering a more dynamic and investment-friendly construction environment.
Key Market Trends
Mega-Projects Driving Transformation
A defining trend in the Saudi Arabia Construction Market is the rise of mega-projects that are reshaping the nation’s economic and physical landscape. Anchored in Vision 2030, projects such as NEOM, Qiddiya, and the Red Sea Project represent a strategic pivot toward diversified economic development and global leadership in technology and tourism. NEOM, with an estimated investment of USD 500 billion, aspires tbecome a model for future cities with a focus on sustainability and digital innovation. Qiddiya aims tbe a world-class entertainment and sports destination, while the Red Sea Project targets eco-tourism and coastal development. These large-scale initiatives not only stimulate ongoing demand for construction materials and skilled labor but alsset new benchmarks in urban design and sustainable development. By integrating cutting-edge technologies, environmental stewardship, and ambitious architectural vision, these projects are redefining what is possible in modern construction and positioning Saudi Arabia as a key player in global infrastructure development.
Key Market Players
In this report, the Saudi Arabia Construction Market has been segmented intthe following categories, in addition tthe industry trends which have alsbeen detailed below:
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Construction Market.
Available Customizations:
Saudi Arabia Construction Market report with the given market data, TechSci Research offers customizations according ta company's specific needs. The following customization options are available for the report:
Company Information
The Saudi Arabia Construction Market was valued at USD 104.76 billion in 2024 and is anticipated treach USD 174.37 billion by 2030, growing at a CAGR of 8.70% during the forecast period. The market is undergoing a transformative phase, driven by the strategic objectives of the Vision 2030 initiative, which aims tdiversify the nation's economy and reduce its reliance on oil revenues. Central tthis vision are mega-infrastructure projects such as NEOM, Qiddiya, and the Riyadh Metro, which underscore a national shift toward smart cities, sustainable urban environments, and technologically advanced public spaces. These developments reflect a broader focus on economic modernization and innovation. In parallel, Public-Private Partnerships (PPPs) and privatization initiatives are fostering private sector involvement in infrastructure expansion. Despite regulatory and labor-related challenges, the market continues tevolve with a strong emphasis on digital construction technologies, modular techniques, and sustainable building practices. As the Kingdom redefines its economic landscape, the construction sector remains a cornerstone of national development, driving forward progress through ambitious, large-scale investments and global collaborations.
Key Market Drivers
Vision 2030 and Economic Diversification
A key catalyst propelling the Saudi Arabia Construction Market is the Vision 2030 agenda, a comprehensive national strategy treduce dependence on oil and develop non-oil sectors. This initiative, introduced by Crown Prince Mohammed bin Salman, has led tincreased investments in infrastructure, urban development, and emerging industries. With over SAR 12 trillion (~USD 3.2 trillion) planned investments by 2030, Vision 2030 emphasizes large-scale construction of smart cities, economic zones, and integrated transport systems. Projects such as NEOM and Qiddiya illustrate the strategy's ambition, aiming tposition Saudi Arabia as a global hub for innovation, tourism, and entertainment. These developments significantly boost demand across residential, commercial, and industrial construction segments. As a result, the construction sector is playing a pivotal role in generating employment, attracting foreign investment, and enabling the Kingdom's transition ta more diversified and sustainable economic model.
Key Market Challenges
Regulatory Complexity and Administrative Hurdles
The Saudi construction sector faces notable challenges arising from complex regulatory processes and administrative bottlenecks. While Vision 2030 has created a favorable growth environment, inconsistencies in regulatory frameworks continue timpact project execution. Construction activities often require navigating overlapping jurisdictions and compliance with diverse regulatory standards across environmental, zoning, and safety dimensions. This fragmentation can lead tdelays in obtaining permits and approvals, affecting timelines and increasing project costs. Additionally, the bureaucratic burden involved in licensing and documentation creates inefficiencies that hamper responsiveness tevolving market demands. Addressing these challenges through regulatory simplification, improved transparency, and streamlined approval systems will be essential tfostering a more dynamic and investment-friendly construction environment.
Key Market Trends
Mega-Projects Driving Transformation
A defining trend in the Saudi Arabia Construction Market is the rise of mega-projects that are reshaping the nation’s economic and physical landscape. Anchored in Vision 2030, projects such as NEOM, Qiddiya, and the Red Sea Project represent a strategic pivot toward diversified economic development and global leadership in technology and tourism. NEOM, with an estimated investment of USD 500 billion, aspires tbecome a model for future cities with a focus on sustainability and digital innovation. Qiddiya aims tbe a world-class entertainment and sports destination, while the Red Sea Project targets eco-tourism and coastal development. These large-scale initiatives not only stimulate ongoing demand for construction materials and skilled labor but alsset new benchmarks in urban design and sustainable development. By integrating cutting-edge technologies, environmental stewardship, and ambitious architectural vision, these projects are redefining what is possible in modern construction and positioning Saudi Arabia as a key player in global infrastructure development.
Key Market Players
- Kabbani Construction Group
- Almabani General Contractors
- AlKifah Contracting Company
- Nesma & Partners Contracting Company Ltd.
- AL-AYUNI Company
- Construction & Planning Co. Ltd.
- Contracting & Construction Enterprises Ltd.
- Binladen Group Global Holding Company
- Al-Rashid Trading & Contracting Co.
- Umm Al Qura For Development & Construction Company
In this report, the Saudi Arabia Construction Market has been segmented intthe following categories, in addition tthe industry trends which have alsbeen detailed below:
- Saudi Arabia Construction Market, By Sector:
- Commercial
- Corporate Offices
- Hospitality
- Healthcare & Medical Facilities
- Educational Institutions
- Others
- Industrial
- Oil & Gas
- Chemical & Petrochemical
- Food & Beverage
- Pharmaceutical
- Others
- Infrastructure
- Government Buildings
- Cultural and Entertainment Venues
- Transportation Hubs
- Others
- Residential
- Apartments
- Villas
- Traditional Houses
- Others
- Saudi Arabia Construction Market, By End-User:
- Private
- Public
- Saudi Arabia Construction Market, By Construction Type:
- New Construction
- Renovation
- Repair & Maintenance
- Saudi Arabia Construction Market, By Region:
- Riyadh
- Makkah
- Madinah
- Dammam
- Jeddah
- Tabuk
- Eastern Province
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Construction Market.
Available Customizations:
Saudi Arabia Construction Market report with the given market data, TechSci Research offers customizations according ta company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up tfive).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
3. EXECUTIVE SUMMARY
4. VOICE OF CUSTOMER
4.1. Key Factors Influencing Selection of Contractors
4.2. Key Satisfaction Level
4.3. Current Need Gaps
5. SAUDI ARABIA CONSTRUCTION MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Sector (Commercial, Industrial, Infrastructure, Residential)
5.2.1.1. By Commercial Sector (Corporate Offices, Hospitality, Healthcare & Medical Facilities, Educational Institutions, Others)
5.2.1.2. By Industrial Sector (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pharmaceutical, Others)
5.2.1.3. By Infrastructure Sector (Government Buildings, Cultural and Entertainment Venues, Transportation Hubs, Others)
5.2.1.4. By Residential Sector (Apartments, Villas, Traditional Houses, Others)
5.2.2. By End-User (Private, Public)
5.2.3. By Construction Type (New Construction, Renovation, Repair & Maintenance)
5.2.4. By Region (Riyadh, Makkah, Madinah, Dammam, Jeddah, Tabuk, Eastern Province, Rest of Saudi Arabia)
5.4. By Company, Qualitative Insights
5.5. Market Map
6. RIYADH CONSTRUCTION MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sector
6.2.1.1. By Infrastructure Sector
6.2.1.2. By Commercial Sector
6.2.1.3. By Industrial Sector
6.2.1.4. By Residential Sector
6.2.2. By End-User
6.2.3. By Construction Type
7. JEDDAH CONSTRUCTION MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Sector
7.2.1.1. By Commercial Sector
7.2.1.2. By Industrial Sector
7.2.1.3. By Residential Sector
7.2.1.4. By Infrastructure Sector
7.2.2. By End-User
7.2.3. By Construction Type
8. MAKKAH CONSTRUCTION MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Sector
8.2.1.1. By Commercial Sector
8.2.1.2. By Industrial Sector
8.2.1.3. By Infrastructure Sector
8.2.1.4. By Residential Sector
8.2.2. By End-User
8.2.3. By Construction Type
9. MADINAH CONSTRUCTION MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Sector
9.2.1.1. By Commercial Sector
9.2.1.2. By Industrial Sector
9.2.1.3. By Infrastructure Sector
9.2.1.4. By Residential Sector
9.2.2. By End-User
9.2.3. By Construction Type
10. TABUK CONSTRUCTION MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Sector
10.2.1.1. By Industrial Sector
10.2.1.2. By Commercial Sector
10.2.1.3. By Infrastructure Sector
10.2.1.4. By Residential Sector
10.2.2. By End-User
10.2.3. By Construction Type
11. DAMMAM CONSTRUCTION MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Sector
11.2.1.1. By Industrial Sector
11.2.1.2. By Infrastructure Sector
11.2.1.3. By Commercial Sector
11.2.1.4. By Residential Sector
11.2.2. By End-User
11.2.3. By Construction Type
12. EASTERN PROVINCE CONSTRUCTION MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Sector
12.2.1.1. By Industrial Sector
12.2.1.2. By Infrastructure Sector
12.2.1.3. By Commercial Sector
12.2.1.4. By Residential Sector
12.2.2. By End-User
12.2.3. By Construction Type
13. MARKET DYNAMICS
13.1. Drivers
13.2. Challenges
14. MARKET TRENDS AND DEVELOPMENTS
15. POLICY AND REGULATORY LANDSCAPE
16. SAUDI ARABIA ECONOMIC PROFILE
17. COMPANY PROFILES
17.1. Kabbani Construction Group
17.1.1. Business Overview
17.1.2. Key Revenue
17.1.3. Key Personnel/Contact Person
17.1.4. Headquarters Address
17.1.5. Key Product/Service Offerings
17.2. Almabani General Contractors
17.2.1. Business Overview
17.2.2. Key Revenue
17.2.3. Key Personnel/Contact Person
17.2.4. Headquarters Address
17.2.5. Key Product/Service Offerings
17.3. AlKifah Contracting Company
17.3.1. Business Overview
17.3.2. Key Personnel/Contact Person
17.3.3. Headquarters Address
17.3.4. Key Product/Service Offerings
17.4. Nesma & Partners Contracting Company Ltd.
17.4.1. Business Overview
17.4.2. Key Revenue
17.4.3. Key Personnel/Contact Person
17.4.4. Headquarters Address
17.4.5. Key Product/Service Offerings
17.5. AL-AYUNI Company
17.5.1. Business Overview
17.5.2. Key Revenue
17.5.3. Key Personnel/Contact Person
17.5.4. Headquarters Address
17.5.5. Key Product/Service Offerings
17.6. Construction & Planning Co. Ltd.
17.6.1. Business Overview
17.6.2. Key Revenue
17.6.3. Key Personnel/Contact Person
17.6.4. Headquarters Address
17.6.5. Key Product/Service Offerings
17.7. Contracting & Construction Enterprises Ltd.
17.7.1. Business Overview
17.7.2. Key Personnel/Contact Person
17.7.3. Headquarters Address
17.7.4. Key Product/Service Offerings
17.8. Binladen Group Global Holding Company
17.8.1. Business Overview
17.8.2. Key Revenue
17.8.3. Key Personnel/Contact Person
17.8.4. Headquarters Address
17.8.5. Key Product/Service Offerings
17.9. Al-Rashid Trading & Contracting Co.
17.9.1. Business Overview
17.9.2. Key Personnel/Contact Person
17.9.3. Headquarters Address
17.9.4. Key Product/Service Offerings
17.10. Umm Al Qura For Development & Construction Company
17.10.1. Business Overview
17.10.2. Key Personnel/Contact Person
17.10.3. Headquarters Address
17.10.4. Key Product/Service Offerings
18. STRATEGIC RECOMMENDATIONS
19. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
3. EXECUTIVE SUMMARY
4. VOICE OF CUSTOMER
4.1. Key Factors Influencing Selection of Contractors
4.2. Key Satisfaction Level
4.3. Current Need Gaps
5. SAUDI ARABIA CONSTRUCTION MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Sector (Commercial, Industrial, Infrastructure, Residential)
5.2.1.1. By Commercial Sector (Corporate Offices, Hospitality, Healthcare & Medical Facilities, Educational Institutions, Others)
5.2.1.2. By Industrial Sector (Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pharmaceutical, Others)
5.2.1.3. By Infrastructure Sector (Government Buildings, Cultural and Entertainment Venues, Transportation Hubs, Others)
5.2.1.4. By Residential Sector (Apartments, Villas, Traditional Houses, Others)
5.2.2. By End-User (Private, Public)
5.2.3. By Construction Type (New Construction, Renovation, Repair & Maintenance)
5.2.4. By Region (Riyadh, Makkah, Madinah, Dammam, Jeddah, Tabuk, Eastern Province, Rest of Saudi Arabia)
5.4. By Company, Qualitative Insights
5.5. Market Map
6. RIYADH CONSTRUCTION MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sector
6.2.1.1. By Infrastructure Sector
6.2.1.2. By Commercial Sector
6.2.1.3. By Industrial Sector
6.2.1.4. By Residential Sector
6.2.2. By End-User
6.2.3. By Construction Type
7. JEDDAH CONSTRUCTION MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Sector
7.2.1.1. By Commercial Sector
7.2.1.2. By Industrial Sector
7.2.1.3. By Residential Sector
7.2.1.4. By Infrastructure Sector
7.2.2. By End-User
7.2.3. By Construction Type
8. MAKKAH CONSTRUCTION MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Sector
8.2.1.1. By Commercial Sector
8.2.1.2. By Industrial Sector
8.2.1.3. By Infrastructure Sector
8.2.1.4. By Residential Sector
8.2.2. By End-User
8.2.3. By Construction Type
9. MADINAH CONSTRUCTION MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Sector
9.2.1.1. By Commercial Sector
9.2.1.2. By Industrial Sector
9.2.1.3. By Infrastructure Sector
9.2.1.4. By Residential Sector
9.2.2. By End-User
9.2.3. By Construction Type
10. TABUK CONSTRUCTION MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Sector
10.2.1.1. By Industrial Sector
10.2.1.2. By Commercial Sector
10.2.1.3. By Infrastructure Sector
10.2.1.4. By Residential Sector
10.2.2. By End-User
10.2.3. By Construction Type
11. DAMMAM CONSTRUCTION MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Sector
11.2.1.1. By Industrial Sector
11.2.1.2. By Infrastructure Sector
11.2.1.3. By Commercial Sector
11.2.1.4. By Residential Sector
11.2.2. By End-User
11.2.3. By Construction Type
12. EASTERN PROVINCE CONSTRUCTION MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Sector
12.2.1.1. By Industrial Sector
12.2.1.2. By Infrastructure Sector
12.2.1.3. By Commercial Sector
12.2.1.4. By Residential Sector
12.2.2. By End-User
12.2.3. By Construction Type
13. MARKET DYNAMICS
13.1. Drivers
13.2. Challenges
14. MARKET TRENDS AND DEVELOPMENTS
15. POLICY AND REGULATORY LANDSCAPE
16. SAUDI ARABIA ECONOMIC PROFILE
17. COMPANY PROFILES
17.1. Kabbani Construction Group
17.1.1. Business Overview
17.1.2. Key Revenue
17.1.3. Key Personnel/Contact Person
17.1.4. Headquarters Address
17.1.5. Key Product/Service Offerings
17.2. Almabani General Contractors
17.2.1. Business Overview
17.2.2. Key Revenue
17.2.3. Key Personnel/Contact Person
17.2.4. Headquarters Address
17.2.5. Key Product/Service Offerings
17.3. AlKifah Contracting Company
17.3.1. Business Overview
17.3.2. Key Personnel/Contact Person
17.3.3. Headquarters Address
17.3.4. Key Product/Service Offerings
17.4. Nesma & Partners Contracting Company Ltd.
17.4.1. Business Overview
17.4.2. Key Revenue
17.4.3. Key Personnel/Contact Person
17.4.4. Headquarters Address
17.4.5. Key Product/Service Offerings
17.5. AL-AYUNI Company
17.5.1. Business Overview
17.5.2. Key Revenue
17.5.3. Key Personnel/Contact Person
17.5.4. Headquarters Address
17.5.5. Key Product/Service Offerings
17.6. Construction & Planning Co. Ltd.
17.6.1. Business Overview
17.6.2. Key Revenue
17.6.3. Key Personnel/Contact Person
17.6.4. Headquarters Address
17.6.5. Key Product/Service Offerings
17.7. Contracting & Construction Enterprises Ltd.
17.7.1. Business Overview
17.7.2. Key Personnel/Contact Person
17.7.3. Headquarters Address
17.7.4. Key Product/Service Offerings
17.8. Binladen Group Global Holding Company
17.8.1. Business Overview
17.8.2. Key Revenue
17.8.3. Key Personnel/Contact Person
17.8.4. Headquarters Address
17.8.5. Key Product/Service Offerings
17.9. Al-Rashid Trading & Contracting Co.
17.9.1. Business Overview
17.9.2. Key Personnel/Contact Person
17.9.3. Headquarters Address
17.9.4. Key Product/Service Offerings
17.10. Umm Al Qura For Development & Construction Company
17.10.1. Business Overview
17.10.2. Key Personnel/Contact Person
17.10.3. Headquarters Address
17.10.4. Key Product/Service Offerings
18. STRATEGIC RECOMMENDATIONS
19. ABOUT US & DISCLAIMER
