DUBLIN--(BUSINESS WIRE)--The "Construction in Saudi Arabia - Key Trends and Opportunities to 2025 (Q2 2021)" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia's construction industry is forecast to recover in 2021, growing by 2.9% in 2021, after contracting by 0.4% in 2020. The industry is projected to continue to recover over the remainder of the forecast period, growing by 4% between 2022-2025.
The industry's output is expected to be supported by the government's focus on the development of overall infrastructure, as well as energy and utilities construction projects, in a bid to diversify its economy away from oil.
With the collapse of oil prices and disruptions due to the COVID-19 outbreak, in December 2020, the government announced a SAR990 billion (US$263.9 billion) budget for 2021. The Kingdom's budget statement showed a cut to government spending of 7% in 2021, implying that the main policy goal for the Kingdom in the short term is to reduce the budget deficit, rather than boost economic growth.
However, there is a huge pipeline of projects related to the long-term diversification plans under Vision 2030. This was underlined by the crown prince's announcement in January 2021 that the Public Investment Fund (PIF) is to invest SAR3 trillion (US$800 billion) on projects in the country over the next decade.
This report provides detailed market analysis, information and insights into the Saudi Arabia's construction industry, including:
- Saudi Arabia's construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Saudi Arabia's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Saudi Arabia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest News and Developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project Analytics
- Latest News and Developments
4.3 Industrial Construction
- Outlook
- Project Analytics
- Latest News and Developments
4.4 Infrastructure Construction
- Outlook
- Project Analytics
- Latest News and Developments
4.5 Energy and Utilities Construction
- Outlook
- Project Analytics
- Latest News and Developments
4.6 Institutional Construction
- Outlook
- Project Analytics
- Latest News and Developments
4.7 Residential Construction
- Outlook
- Project Analytics
- Latest News and Developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/h0k2uh
