Buoyed by prolonged government stimulus, Saudi Arabia’s construction sector is experiencing rapid expansion, with no shortage of contracts in any segment of the industry. From housing to utilities and transport infrastructure, public spending is driving the contracting industry forward. While operational challenges remain, including concerns...
Although infrastructure upgrades are supplying the construction industry with the biggest share of its projects, housing will remain an important source of work in the coming years. According to Kuwait Finance House, real estate projects account for 35% of ongoing construction projects in Saudi Arabia. With the government keen to bridge the...
The country may be a new entrant to the international construction industry, however, it has had several well-established firms for many years. Both developers and contractors, such as the Kingdom Holding Company and Saudi Binladin Group, have grown into some of the best-known names in the country. With the country continuing to experience...
While the construction industry in many countries may still be in the doldrums, in Saudi Arabia, it is proving to be the driving force behind economic growth. Indeed, the Kingdom is the envy of the region, eyed covetously by contractors elsewhere. All the parts are in place for construction to remain a growing industry over the coming decade....
The Saudi government has embarked on an ambitious spending programme that looks set to keep the local construction industry busy for years. In all facets of the sector, from large-scale infrastructure projects to new hospitals and schools, the slate of work is likely to expand in the coming years.
Until recently, local developers and city planners viewed urban expansion along horizontal rather than vertical lines. Before the completion of Riyadh’s Al Faisaliyah Centre in 2000, no building in the Kingdom topped 200 metres. Backed by a bullish economy and a surge of confidence following government spending on housing, infrastructure, health...
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