
The Saudi Construction Industry ranks high among the world’s largest construction markets. The government continues to maintain its commitment towards its Vision 2030 goals, particularly in sectors such as the housing program, infrastructure, renewables, and water projects, while allocating contingent funds towards addressing the risks related to the pandemic. In 2022, the construction industry's output was supported by a huge pipeline of projects such as Neom, the Red Sea project, Amaala, and Qiddiya, among others. The government is also giving more importance to strengthening private sector participation in these projects. Overall, the construction industry in KSA seems to be booming, and this trend is expected to continue in the coming years. |
The report highlights construction activity in the Kingdom of Saudi Arabia in 2022 and how the industry is expected to take shape in 2023. Economic indicators, major projects, contractors, consultants, and project owners in the Kingdom are listed in detail. The construction activity within Buildings, Infrastructure, Industrial, Power & Water, and Oil & Gas sectors are explained with major events.Ìý
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