The Soaring Saudi Building Construction Industry
Cushioned and insulated by its strong oil reserves and ambitious 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 US$ 22,210 million in 2008 by a Compound Annual Growth Rate of 12 percent to US$ 39,138 million in 2012, 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 Soaring Saudi Building Construction Report - November 2010 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 Soaring Saudi Building Construction Report - November 2010 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.
CHAPTER 1. EXECUTIVE SUMMARY
CHAPTER 2. THE SAUDI BUILDING CONSTRUCTION INDUSTRY AT A GLANCE
Saudi Arabia at a Glance
The Saudi Construction Industry Overview
Market Drivers and Restraints and Probability Impact Matrix
CHAPTER 3. THE SAUDI BUILDING CONSTRUCTION MARKET OVERVIEW
Contract Awards and Construction Spend
Saudi Retail Segment of the Building Construction market
Saudi Residential Segment of the Building Construction market
Saudi Commercial Segment of the Building Construction market
Saudi Mixed Use Segment Construction market
Saudi Tourism and Leisure Segment Construction market
Others Segment (Includes Airport, Hospitals, Educational Institutions and Miscellaneous Projects)
CHAPTER 4. TOP CLIENTS, CONSULTANTS AND CONTRACTORS ACROSS THE SAUDI BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
CHAPTER 5. FUTURE OUTLOOK FOR THE SAUDI BUILDING CONSTRUCTION INDUSTRY
Methodology
Code of Ethics
Ventures Onsite MENA Projects Database
CHAPTER 2. THE SAUDI BUILDING CONSTRUCTION INDUSTRY AT A GLANCE
Saudi Arabia at a Glance
The Saudi Construction Industry Overview
Market Drivers and Restraints and Probability Impact Matrix
CHAPTER 3. THE SAUDI BUILDING CONSTRUCTION MARKET OVERVIEW
Contract Awards and Construction Spend
Saudi Retail Segment of the Building Construction market
Saudi Residential Segment of the Building Construction market
Saudi Commercial Segment of the Building Construction market
Saudi Mixed Use Segment Construction market
Saudi Tourism and Leisure Segment Construction market
Others Segment (Includes Airport, Hospitals, Educational Institutions and Miscellaneous Projects)
CHAPTER 4. TOP CLIENTS, CONSULTANTS AND CONTRACTORS ACROSS THE SAUDI BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
CHAPTER 5. FUTURE OUTLOOK FOR THE SAUDI BUILDING CONSTRUCTION INDUSTRY
Methodology
Code of Ethics
Ventures Onsite MENA Projects Database
LIST OF FIGURES
Figure 1: Kingdom of Saudi Arabia (KSA)
Figure 2: Saudi Construction Industry Budget Totals by Sector (US$ Million), October 2010
Figure 3: Saudi Total Building Contract Awards across Sectors (US$ million), 2008-2012
Figure 4: The Saudi total Building Construction Spend across Sectors (US$ million), 2008-2012
Figure 5: Saudi Building Construction Spend by Major Sectors, 2009
Figure 6: Saudi Building Construction Spend by Sector, 2012
Figure 7: Saudi Retail Segment Contract Awards (US$ Million), 2008-2012
Figure 8: Saudi Retail Segment Construction Spend (US$ Million), 2008-2012
Figure 9: Saudi Residential Segment Contracts Awarded (US$ Million), 2008-2012
Figure 10: Saudi Residential Segment Construction Spend (US$ Million), 2008-2012
Figure 11: Saudi Commercial Segment Contract Awards (US$ Million), 2008-2012
Figure 12: Saudi Commercial Segment Construction Spend (US$ Million), 2008-2012
Figure 13: Saudi Mixed Use Developments Contract Awards (US$ Million), 2008-2012
Figure 14: Saudi Mixed Use Developments Construction Spend (US$ Million), 2008-2012
Figure 15: Saudi Tourism and Leisure Segment Contract Awards (US$ Million), 2008-2012
Figure 16: Saudi Tourism and Leisure Segment Construction Spend (US$ Million), 2008-2012
Figure 17: Saudi Others Segment (incl. Airports, Educational Institutions, Hospitals and Misc. Projects) Contract Awards (US$ Million), 2008-2012
Figure 18: Saudi Others Segment (incl. Airports, Educational Institutions, Hospitals and Miscellaneous Projects) Construction Spend (US$ Million), 2008-2012
Figure 1: Kingdom of Saudi Arabia (KSA)
Figure 2: Saudi Construction Industry Budget Totals by Sector (US$ Million), October 2010
Figure 3: Saudi Total Building Contract Awards across Sectors (US$ million), 2008-2012
Figure 4: The Saudi total Building Construction Spend across Sectors (US$ million), 2008-2012
Figure 5: Saudi Building Construction Spend by Major Sectors, 2009
Figure 6: Saudi Building Construction Spend by Sector, 2012
Figure 7: Saudi Retail Segment Contract Awards (US$ Million), 2008-2012
Figure 8: Saudi Retail Segment Construction Spend (US$ Million), 2008-2012
Figure 9: Saudi Residential Segment Contracts Awarded (US$ Million), 2008-2012
Figure 10: Saudi Residential Segment Construction Spend (US$ Million), 2008-2012
Figure 11: Saudi Commercial Segment Contract Awards (US$ Million), 2008-2012
Figure 12: Saudi Commercial Segment Construction Spend (US$ Million), 2008-2012
Figure 13: Saudi Mixed Use Developments Contract Awards (US$ Million), 2008-2012
Figure 14: Saudi Mixed Use Developments Construction Spend (US$ Million), 2008-2012
Figure 15: Saudi Tourism and Leisure Segment Contract Awards (US$ Million), 2008-2012
Figure 16: Saudi Tourism and Leisure Segment Construction Spend (US$ Million), 2008-2012
Figure 17: Saudi Others Segment (incl. Airports, Educational Institutions, Hospitals and Misc. Projects) Contract Awards (US$ Million), 2008-2012
Figure 18: Saudi Others Segment (incl. Airports, Educational Institutions, Hospitals and Miscellaneous Projects) Construction Spend (US$ Million), 2008-2012
LIST OF TABLES
Table 1: Saudi Top Ongoing Projects in the Retail Segment (US$ Million), October 2010
Table 2: Saudi Top 5 Ongoing Residential Projects, September 2010
Table 3: Saudi Top Ongoing Projects in the Commercial Segment by Project Value, October 2010
Table 4: Saudi Ongoing Projects in Mixed Use Segment, October 2010
Table 5: Saudi Top Ongoing Projects by Value in the Tourism and Leisure Segment, October 2010
Table 6: Top Ongoing Projects in the Others Segment (including Airports, Educational Institutions, Hospitals and other Misc. Projects) by Project Value (US$ Million), October 2010
Table 1: Saudi Top Ongoing Projects in the Retail Segment (US$ Million), October 2010
Table 2: Saudi Top 5 Ongoing Residential Projects, September 2010
Table 3: Saudi Top Ongoing Projects in the Commercial Segment by Project Value, October 2010
Table 4: Saudi Ongoing Projects in Mixed Use Segment, October 2010
Table 5: Saudi Top Ongoing Projects by Value in the Tourism and Leisure Segment, October 2010
Table 6: Top Ongoing Projects in the Others Segment (including Airports, Educational Institutions, Hospitals and other Misc. Projects) by Project Value (US$ Million), October 2010
