Summary
Construction in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The Saudi Arabian construction industry recorded revenues of $158.1 billion in 2024, representing a compound annual growth rate (CAGR) of 7.3% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $109.6 billion, equivalent to 69.4% of the industry's overall value.
- The expansion of the Saudi Arabian construction industry in 2024 was significantly supported by the continuous rise in urbanization, particularly in major cities such as Riyadh, Jeddah, and Dammam. Rapid population growth, coupled with the government’s proactive urban development initiatives, fueled demand for commercial spaces, industrial zones, and public infrastructure projects. According to the World Bank, the proportion of urban population in Saudi Arabia reached 85.2% in 2024, pressuring city planners to accelerate housing and transport development.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Saudi Arabia
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia construction market with five year forecasts
Reasons to Buy
- What was the size of the Saudi Arabia construction market by value in 2024?
- What will be the size of the Saudi Arabia construction market in 2029?
- What factors are affecting the strength of competition in the Saudi Arabia construction market?
- How has the market performed over the last five years?
- What are the main segments that make up Saudi Arabia's construction market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Jabal Omar Development Co
8.2. Saudi Real Estate Co
8.3. Saudi Binladin Group
8.4. Al-Rashid Trading & Contracting Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Saudi Arabia construction industry value: $ million, 2019-24
Table 2: Saudi Arabia construction industry category segmentation: % share, by value, 2019-24
Table 3: Saudi Arabia construction industry category segmentation: $ million, 2019-24
Table 4: Saudi Arabia construction industry geography segmentation: $ million, 2024
Table 5: Saudi Arabia construction industry value forecast: $ million, 2024-29
Table 6: Jabal Omar Development Co: Key Facts
Table 7: Jabal Omar Development Co: Annual Financial Ratios
Table 8: Jabal Omar Development Co: Key Employees
Table 9: Saudi Real Estate Co: Key Facts
Table 10: Saudi Real Estate Co: Annual Financial Ratios
Table 11: Saudi Real Estate Co: Key Employees
Table 12: Saudi Binladin Group: Key Facts
Table 13: Saudi Binladin Group: Key Employees
Table 14: Al-Rashid Trading & Contracting Co Ltd: Key Facts
Table 15: Al-Rashid Trading & Contracting Co Ltd: Key Employees
Table 16: Saudi Arabia Size of Population (Million), 2020-24
Table 17: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Saudi Arabia GDP (Current Prices, $ Billion), 2020-24
Table 19: Saudi Arabia Inflation, 2020-24
Table 20: Saudi Arabia Consumer Price Index (Absolute), 2020-24
Table 21: Saudi Arabia Exchange Rate, 2019-24
List of Figures
Figure 1: Saudi Arabia construction industry value: $ million, 2019-24
Figure 2: Saudi Arabia construction industry category segmentation: $ million, 2019-24
Figure 3: Saudi Arabia construction industry geography segmentation: % share, by value, 2024
Figure 4: Saudi Arabia construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in Saudi Arabia, 2024
Figure 6: Drivers of buyer power in the construction industry in Saudi Arabia, 2024
Figure 7: Drivers of supplier power in the construction industry in Saudi Arabia, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Saudi Arabia, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in Saudi Arabia, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in Saudi Arabia, 2024
