{"id":80392,"date":"2025-07-08T13:07:19","date_gmt":"2025-07-08T10:07:19","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=80392"},"modified":"2025-11-25T21:09:06","modified_gmt":"2025-11-25T21:09:06","slug":"%d9%82%d8%b7%d8%a7%d8%b9-%d8%a7%d9%84%d8%a5%d9%86%d8%b4%d8%a7%d8%a1%d8%a7%d8%aa-%d9%81%d9%8a-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/80392\/","title":{"rendered":"Saudi Arabia's construction sector. Trillion-dollar leaps in the coming years"},"content":{"rendered":"

Steps sector Construction in Saudi Arabia<\/a><\/strong> With the ambitious goals of Vision 2030, the sector is witnessing unprecedented growth, driven by huge investments in infrastructure and real estate projects.<\/p>\n

Significant growth in construction contracts<\/strong><\/span><\/h4>\n

Construction contracts worth a total of more than SAR 807.75 billion have been awarded across all regions of the Kingdom over the past five years, according to a press release from real estate consultancy Knight Frank; this growth underscores Saudi Arabia's commitment to boosting its construction capacity to support economic expansion.<\/p>\n

Future Prospects<\/strong><\/span><\/h4>\n

According to Khalid Al-Falih, Minister of Investment, the value of construction contracts for projects to be awarded in the coming years is expected to be between $1.6 trillion and $1.8 trillion, and the construction sector in Saudi Arabia has reached $152 billion, with capital spending targeted to exceed $3.3 trillion for the period 2022-2030. These figures reflect the Kingdom's great ambition to develop its infrastructure.<\/p>\n

Construction Sector Performance<\/strong><\/span><\/h4>\n

As part of this growing interest in the construction sector, Knight Frank found that the value of construction output in Saudi Arabia's construction, transportation, energy, oil and gas, industrial, water, and chemicals sectors reached SAR 555 billion by the end of last year, an increase of 4.6% compared to the previous year. The sector has recorded year-on-year growth and is expected to continue this upward trajectory to reach SAR 716.2 billion by 2029.<\/p>\n

Riyadh at the forefront of investment<\/strong><\/span><\/h4>\n

Faisal Durrani, Partner and Head of MENA Research at Knight Frank, noted that Riyadh accounted for the lion's share of the contracts distributed across the Kingdom, with SAR 507 billion worth of contracts, representing 63% of the total contracts across Saudi Arabia. Transportation projects accounted for 29% of the construction contracts awarded in the capital. Investing some $1.3 trillion in real estate and infrastructure projects is a key part of Vision 2030, highlighting the scale and scope of projects underway.<\/p>\n

Investment opportunities for construction companies<\/strong><\/span><\/h4>\n

Observers believe that the Saudi market has the capacity to absorb at least 20 to 30 highly specialized and efficient construction companies over the next two to three years. This absorption aims to meet current and future demand and keep pace with Saudi Arabia's developmental transformation, which aims to provide more than one million homes, more than 362,000 hotel rooms, more than 7.4 million square meters of retail space, and more than 7.7 million square meters of new office space by the end of the decade.<\/p>","protected":false},"excerpt":{"rendered":"

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