KSA Building Construction Industry
Bolstered and shielded by its strong oil reserves and determined government plans for economic development through diversification and investment programs, which include the development of the renowned six economic cities across the kingdom, towards achieving this goal, the Kingdom of Saudi Arabia, is one of the fastest growing emerging markets of the Middle East. Its rapidly growing and fast urbanizing young population constantly fuel demand across the commercial, residential and retail segments of the market while housing the world’s two popular religious shrines Mecca and Medina, the country also attracts large tourism revenues further fuelling demand in the tourism and leisure segments as well. Spurred by these factors, the building construction industry in Saudi Arabia has witnessed unprecedented growth in recent years with the construction contract awards likely to grow from an estimated US$ 36,529 million in 2011 by a Compound Annual Growth Rate (CAGR) of nearly 20 percent to US$ 43,779 million in 2013, in spite of the adverse effects of the global economic slowdown that has hit growth across the industry in the Middle East.
While the Saudi market continues to face its share of project delays, conservative banking policies, delays in execution of laws, lack of transparency and the adverse effects of the global economic slowdown, it continues to be a comparatively rising star, which is likely to witness a steady and healthy growth in its construction industry in the medium and long term as compared to its counterparts due to the earnest efforts of the government through its planned diversification based investment schemes and its healthy demand growth across sectors.
The Saudi Building Construction Report - October 2011 is a study by Ventures Middle East based on its vast experience of the GCC construction market and its extensive projects database across the countries of the Middle East and North Africa (MENA) region. It provides a strategic insight into the various political, economic, social, technical, legislative and environmental factors impacting this promising market. Besides an analysis into the market drivers and restraints culminating in a probability impact matrix of the occurrence of these drivers and restraints on the building construction market, the study also provides key statistics of the construction contract awards and the actual construction spend across the various sectors of the building construction market namely, commercial, residential, mixed use, retail, tourism and leisure and Others (which includes airports, educational institutions, hospitals and health care facilities and other miscellaneous projects).
Key statistics also include Market size and forecasts of KSA Building construction contracts and a listing of the top consultants, contractors and clients in the building construction market of Saudi Arabia. The study also provides description of the ongoing construction projects in addition to the proposed new projects thereby serving as a wealth of information for all key stakeholders of real estate sector vying to enter this market.
While the Saudi market continues to face its share of project delays, conservative banking policies, delays in execution of laws, lack of transparency and the adverse effects of the global economic slowdown, it continues to be a comparatively rising star, which is likely to witness a steady and healthy growth in its construction industry in the medium and long term as compared to its counterparts due to the earnest efforts of the government through its planned diversification based investment schemes and its healthy demand growth across sectors.
The Saudi Building Construction Report - October 2011 is a study by Ventures Middle East based on its vast experience of the GCC construction market and its extensive projects database across the countries of the Middle East and North Africa (MENA) region. It provides a strategic insight into the various political, economic, social, technical, legislative and environmental factors impacting this promising market. Besides an analysis into the market drivers and restraints culminating in a probability impact matrix of the occurrence of these drivers and restraints on the building construction market, the study also provides key statistics of the construction contract awards and the actual construction spend across the various sectors of the building construction market namely, commercial, residential, mixed use, retail, tourism and leisure and Others (which includes airports, educational institutions, hospitals and health care facilities and other miscellaneous projects).
Key statistics also include Market size and forecasts of KSA Building construction contracts and a listing of the top consultants, contractors and clients in the building construction market of Saudi Arabia. The study also provides description of the ongoing construction projects in addition to the proposed new projects thereby serving as a wealth of information for all key stakeholders of real estate sector vying to enter this market.
EXECUTIVE SUMMARY
CHAPTER 1. STRATEGIC OVERVIEW OF KSA CONSTRUCTION INDUSTRY 2011
KSA Construction Industry in 2011 and Beyond
Market Drivers and Restraints and Probability Impact Matrix
CHAPTER 2. KSA BUILDING CONSTRUCTION MARKET OVERVIEW
Introduction
KSA Construction Market-Contracts Awarded and Real Estate Demand
Retail Segment
Residential Segment
Commercial Segment
Mixed use Segment
Tourism and Leisure Segment
Others Segment (includes Airports, Hospitals, Educational Institutions and Misc. Projects)
CHAPTER 3. TOP CLIENTS, CONSULTANTS AND CONTRACTORS ACROSS THE KSA BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
CHAPTER 4. FUTURE OUTLOOK FOR KSA BUILDING CONSTRUCTION INDUSTRY 2011
Methodology
Code of Ethics
Ventures Onsite MENA Projects Database
CHAPTER 1. STRATEGIC OVERVIEW OF KSA CONSTRUCTION INDUSTRY 2011
KSA Construction Industry in 2011 and Beyond
Market Drivers and Restraints and Probability Impact Matrix
CHAPTER 2. KSA BUILDING CONSTRUCTION MARKET OVERVIEW
Introduction
KSA Construction Market-Contracts Awarded and Real Estate Demand
Retail Segment
Residential Segment
Commercial Segment
Mixed use Segment
Tourism and Leisure Segment
Others Segment (includes Airports, Hospitals, Educational Institutions and Misc. Projects)
CHAPTER 3. TOP CLIENTS, CONSULTANTS AND CONTRACTORS ACROSS THE KSA BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
CHAPTER 4. FUTURE OUTLOOK FOR KSA BUILDING CONSTRUCTION INDUSTRY 2011
Methodology
Code of Ethics
Ventures Onsite MENA Projects Database
LIST OF FIGURES
Figure 1: PESTLE Analysis - KSA Building Construction industry
Figure 2: Saudi Construction Industry Budget Totals by Sector (US$ Million), October 2011
Figure 3: KSA Building Construction Contractor Awards -All Sectors (US$ Million), 2010-2013
Figure 4: KSA Retail Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 5: KSA Retail Real Estate Demand (Square Meters), 2011-2015
Figure 6: KSA Residential Segment Buildings Contractor Awards (US$ Million), 2010-2013
Figure 7: KSA Residential Segment Real Estate Demand (Square Meters), 2011-2015
Figure 8: KSA Commercial Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 9: KSA Commercial Segment Real Estate Demand (Square Meters), 2011-2015
Figure 10: KSA Mixed Use Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 11: KSA Tourism & Leisure Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 12: KSA Others Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 1: PESTLE Analysis - KSA Building Construction industry
Figure 2: Saudi Construction Industry Budget Totals by Sector (US$ Million), October 2011
Figure 3: KSA Building Construction Contractor Awards -All Sectors (US$ Million), 2010-2013
Figure 4: KSA Retail Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 5: KSA Retail Real Estate Demand (Square Meters), 2011-2015
Figure 6: KSA Residential Segment Buildings Contractor Awards (US$ Million), 2010-2013
Figure 7: KSA Residential Segment Real Estate Demand (Square Meters), 2011-2015
Figure 8: KSA Commercial Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 9: KSA Commercial Segment Real Estate Demand (Square Meters), 2011-2015
Figure 10: KSA Mixed Use Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 11: KSA Tourism & Leisure Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 12: KSA Others Segment Building Contractor Awards (US$ Million), 2010-2013
LIST OF TABLES
Table 1: KSA Economic Indicators
Table 2: KSA Ongoing Projects in Retail Segment, October 2011
Table 3: KSA Ongoing Projects in Residential Segment, October 2011
Table 4: KSA Ongoing Projects in Commercial Segment, October 2011
Table 5: KSA Ongoing Projects in Mixed Use Segment, October 2011
Table 6: KSA Ongoing Projects in Tourism & Leisure Segment, October 2011
Table 7: KSA Ongoing Projects in “Others” Segment, October 2011
Table 1: KSA Economic Indicators
Table 2: KSA Ongoing Projects in Retail Segment, October 2011
Table 3: KSA Ongoing Projects in Residential Segment, October 2011
Table 4: KSA Ongoing Projects in Commercial Segment, October 2011
Table 5: KSA Ongoing Projects in Mixed Use Segment, October 2011
Table 6: KSA Ongoing Projects in Tourism & Leisure Segment, October 2011
Table 7: KSA Ongoing Projects in “Others” Segment, October 2011
