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....
Saudi Arabia Construction
Displaying 49 - 54 of 54
Articles & Analysis | Plenty to do: Demographic and economic growth drive demand for development from The Report: Saudi Arabia 2013
Articles & Analysis | Big spending: Rolling out project investments as part of the ninth five-year plan from The Report: Saudi Arabia 2013
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.
Articles & Analysis | Ascending to new heights: Taller structures silhouette the Saudi skyline from The Report: Saudi Arabia 2013
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...
Chapter | Construction & Engineering from The Report: Saudi Arabia 2013
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, all the parts are in place for construction to remain a growing industry over the coming decade. Saudi Arabia has the region's largest market; with its population of 29.2m people – as of 2012 – growing at an annual rate of 2.9%, the...
With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.
Economic update | Saudi Arabia: Building boom
1 Feb 2012
Saudi Arabia’s construction industry has been forecast to be one of the Kingdom’s best performing sectors in 2012, with an increasing flow of state contracts coming its way. However, bottlenecks in the materials supply chain and high demand for labour and resources could push up prices.