The construction sector is expected to see significant growth over the next decade, led by Vision 2030 programmes. Construction activities gained pace during 2019, with a number of infrastructure plans either announced or initiated. In addition, some major projects are nearing completion, such as the Riyadh Metro, while the Kingdom’s emerging...
Economic and social reforms under the Vision 2030 strategy are driving commercial real estate investment and helping to chart a new course for the sector. Demand for entertainment options is playing a major role in growing multifaceted retail offerings, while the country’s efforts to establish itself as a global business centre and major...
With a young population and an increasing number of Saudis entering the workplace, the demand for housing and offices is expected to remain high. As housing preferences evolve, with a move away from extended family homes to those based around nuclear families, appetite for smaller affordable units are set to increase. This will boost construction of residential units and drive continued demand...
Saudi Arabia’s decision to weaken the link between hydrocarbons and economic growth, and pursue a policy of diversification has seen a wide range of projects come to fruition in the last several years. While at present the Covid-19 pandemic and the unprecedented plunge in oil prices are causing significant short-term uncertainty, the reforms that have been put in place in recent years should stand the Kingdom in good stead over the longer term.
As Qatar’s construction industry heads into 2020, there is a strong focus on what is to come beyond the 2022 FIFA World Cup, which has dominated the sector for much of the past decade. There are signs that Qatar’s economy has begun to rally, and while the country continues to rely on hydrocarbons revenue, the construction sector is playing an...
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