Market research & Consulting- NewAge

  Saudi Arabia construction market   stood at over $ 34 billion in 2019 and is exhibiting a CAGR of over 5% during the forecast period, on account of significant investments in infrastructure and housing development projects. South Arabia is the most populous and largest country in the Middle East region. More than 5,200 construction projects have been rolled out in the country, which is valued at $ 819 billion, accounting for over 35% of the total value of active projects across GCC (Gulf Cooperation Council). Under Vision 2030, Saudi Arabia is increasing investments in technology and infrastructure development for economic diversification, which is expected to have a positive impact on the country’s construction market during the forecast period. Saudi Arabia construction market is segmented by industry type, and by region. Based on industry type the market is further segmented into industrial, commercial, infrastructure, and residential sectors. The industrial segment is fu...