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A recent real estate report: Saudi Arabia's construction market in 2023 is the strongest globally

Reading time: 2 Minutesكشف تقرير حديث صادر عن المعهد الملكي للمساحين القانونيين  (RICS) عن أن مؤشر سوق البناء السعودي حقق أقوى النتائج على مستوى العالم، حيث سجل المؤشر ... Read more

The activity index recorded 69% in the third quarter, new business demand 28%, and total demand 80%.

31/12/2023

Amlak 279 Saudi Construction Market

After the return of the old appliance replacement initiative How do you choose the right air conditioner?

Practical tips for choosing the right air conditioner based on space, energy efficiency and modern features to minimize consumption and costs.

Saudi researcher comes up with an innovation that relieves extreme heat in residential complexes

Design innovation to reduce heat in Jeddah neighborhoods reduces perceived heat by 5-10 degrees and is honored with an ASLA award.

13,502 cubic meters of construction waste removed in Abu Arish Governorate

Jazan Municipality conducted campaigns during August, removing 56 concrete barriers and repairing 560 light poles.

An innovative solution to owning your dream home How do you get a self-build product?

A program that enables citizens to design and build their own homes with government and bank financing and immediate support up to 150,000 riyals.

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

The impact of building cultures on the sustainability of housing projects

Discussing the role of local customs and architecture in enhancing the sustainability of housing projects and adapting to climate risks and challenges

Residential program

“Municipalities and Housing” signs 9 agreements to renovate and furnish 200 homes for needy families

9 partnership agreements to promote integration between the private and non-profit sectors to support needy families in 7 regions

International Monetary Fund Riyadh office market

54 billion dollars in investments in building and construction projects in Riyadh

Knight Frank: 38% of the Kingdom's construction contract value is concentrated in Riyadh, followed by Mecca and Tabuk.

National Housing Company

National Housing: Construction of an electric transmission station in Al Fursan suburb begins

Salman-style design and more than 18 kilometers of high-voltage lines to feed the units and facilities of the first phase

Steel Prices - Rebar

Rebar and electrical wire prices rise and wood prices fluctuate over the past month

Statistics Authority Bulletin: Notable price increases in rebar and electrical wire and cable, and mixed lumber prices with one decrease.

571 million riyals net profit of cement companies in the second quarter

Profits of 12 of 14 companies rise and second quarter sales rise to 2.46 billion riyals

Cement prices fall

SAR 5.19 billion sales of cement companies in the first half

6.49% annualized growth and 12.68% in the second quarter, down 10% from the first quarter.

Al Fursan suburb

National Housing: 41% of infrastructure work completed in the first phase of Al Fursan suburb

The first phase comprises 10,540 units on 5.4 million m² and sales reached 73% with 1,445 units available

3D Printing

100 3D-printed homes nearing completion in this city

ICON Project in Georgetown, Texas uses a Vulcan printer to build 3D homes that provide energy efficiency and minimize waste

Prefabricated building technologies market size to jump to $250 billion in 2025

13% CAGR growth driven by accelerating construction, reducing costs, improving quality and increasing sustainability in projects.

International Monetary Fund Riyadh office market

International report estimates Saudi construction market size at $70.33 billion in 2024

The report expects the Saudi construction market to reach USD 91.36 bn in 2029, driven by the NEOM and Vision 2030 projects.

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