Saudi Arabia Construction Market Summary, Competitive Analysis and Forecast, 2017-2026

Posted by arshiyashaikh on August 30th, 2022

Construction in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
The Saudi Arabian Construction industry had total revenues of 0.6bn in 2021, representing a compound annual growth rate (CAGR) of 1.4% between 2016 and 2021.
The Non-Residential Construction segment was the industry's most lucrative in 2021, with total revenues of .4bn, equivalent to 68.3% of the industry's overall value.
Slow growth in 2020 can be attributed to the COVID-19 pandemic which greatly impacted the Saudi Arabian construction market as supply chain disruptions delayed construction projects and inhibited growth in the market.

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