Construction in Saudi Arabia – Key Trends and Opportunities to 2018

Date: 2015-09

The Saudi Arabian construction industry recorded a compound annual growth rate (CAGR) of 10.06% during the review period (2009–2013). During the review period, growth in the construction industry was supported by the Ninth Five-Year Development Plan implemented for the period 2010–2014. Growth in the tourism sector and investments in the infrastructure and residential markets will support the industry’s expansion over the forecast period (2014–2018). Industrial construction will be supported by government focus on diversifying the country’s economy. A rising population, plans to overcome the housing shortage, and efforts to develop the transport network and renewable energy infrastructure will enhance industry growth. Consequently, the construction industry’s output is expected to record a forecast-period CAGR of 10.98%.

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