At a time when Saudi Arabia is undergoing a massive transformation, the construction sector appears to be one of the main beneficiaries of this development. According to Bain & Company's forecast, the sector will grow between 3.5% and 4.5% annually through 2026, thanks to mega-projects launched by the Saudi government. What are the key factors driving this growth and how will the government help boost the sector? <According to Bain & Company, this growth is thanks to a series of mega-projects that the Kingdom is pursuing, especially in the areas of infrastructure and housing, which will play a key role in stimulating residential and commercial construction.
According to Bain & Company. <The report noted that Saudi Arabia is adopting a strategic vision to support this sector by directing investment in mega projects, including improving and expanding infrastructure, with a focus on housing development and promoting tourism. In addition, the government's ambitions to increase home ownership will spur further investment in residential construction.
In addition, the government's ambitions to increase home ownership will spur further investment in residential construction. <Dr. Hossam Jumaili, Senior Partner, Advanced Manufacturing and Technology Services, Bain & Company Middle East, noted that the Kingdom is leading the region's construction growth thanks to its strategic focus on infrastructure, tourism and housing. He added that the Kingdom's ambitious initiatives will open up unprecedented opportunities for innovation and investment. Jumaili emphasized that these initiatives are fully aligned with global trends that focus on sustainable and modernized development, reinforcing Saudi Arabia's position as a regional leader in the development of the construction sector.
Jumaili emphasized that these initiatives are fully aligned with global trends that focus on sustainable and modernized development.
