Saudi Arabia Construction Market Report 2021: Key Trends and Opportunities to 2025, Q2 2021 Update – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Construction in Saudi Arabia – Key Trends and Opportunities to 2025 (Q2 2021)” report was added to ResearchAndMarkets.com offer.

The construction industry in Saudi Arabia is expected to recover in 2021, growing 2.9% in 2021, after contracting 0.4% in 2020. The industry is expected to continue to recover for the remainder of the forecast period, with a growth of 4% between 2022-2025. .

The industry’s output should be supported by the government’s focus on developing overall infrastructure, as well as energy and utility construction projects, with the aim of diversifying its economy away from the oil.

With the collapse in oil prices and disruption from the COVID-19 outbreak, in December 2020, the government announced a budget of SAR 990 billion (US $ 263.9 billion) for 2021. The statement The Kingdom’s budget showed a reduction in public spending of 7% in 2021, implying that the Kingdom’s main short-term political objective is to reduce the budget deficit rather than boost economic growth.

However, there is a huge pipeline of projects related to Vision 2030’s long-term diversification plans. This was underscored by the Crown Prince’s announcement in January 2021 that the Public Investment Fund (PIF) will invest 3 trillion. of SAR (US $ 800 billion) on projects in the country over the next decade.

This report provides detailed market analysis, insight, and insight on the construction industry in Saudi Arabia, including:

  • Saudi Arabia Construction Industry Growth Outlook by Market, Project Type and Construction Activity

  • A critical overview of the impact of industry trends and issues, as well as an analysis of the main risks and opportunities in the construction industry in Saudi Arabia

  • Analysis of the mega-projects pipeline, focusing on development stages and participants, in addition to lists of major projects in the pipeline.

Scope

  • Historical (2016-2020) and forecast (2021-2025) assessments of the construction industry in Saudi Arabia, with details on key growth drivers.

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

  • Analysis of the mega-projects pipeline, including breakdowns by stage of development across all sectors, and planned spending for existing pipeline projects.

  • Lists of major projects, in addition to details of major contractors and consultants

Main topics covered:

1. Summary

2 Construction industry: at a glance

3 background

3.1 Economic performance

3.2 Political and political environment

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk profile

4 Construction prospects

4.1 All constructions

  • Outlook

  • Latest news and developments

  • Construction project dynamics index

4.2 Commercial construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.3 Industrial construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.4 Construction of infrastructure

  • Outlook

  • Project analysis

  • Latest news and developments

4.5 Construction of energy and utilities

  • Outlook

  • Project analysis

  • Latest news and developments

4.6 Institutional construction

  • Outlook

  • Project analysis

  • Latest news and developments

4.7 Residential construction

  • Outlook

  • Project analysis

  • Latest news and developments

5 key industry participants

5.1 Entrepreneurs

5.2 Consultants

6 Construction market data

7 Annex

For more information on this report, visit https://www.researchandmarkets.com/r/h0k2uh

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