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Saudi Arabia Construction Sector Research Highlights

Saudi Arabia Construction Sector Research Highlights
Interview

Sultan Alshalash, Chairman, Alaqtar Real Estate Development: Interview
OBG
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Interview: Sultan Alshalash, Chairman, Alaqtar Real Estate Development How has the real estate market changed in recent years in terms of regulations and market demand? SULTAN ALSHALASH: Saudi Arabia’s real estate market has been transformed over the last 10 years, largely driven by regulatory changes. For decades Saudi urban development and real estate lagged behind other GCC markets due to the…
Interview

Mohammed bin Saleh Albuty, CEO, National Housing Company: Interview
OBG
plus

Interview: Mohammed bin Saleh Albuty, CEO, National Housing Company What role do environmentally sustainable building designs play in urban community development? MOHAMMED BIN SALEH ALBUTY: Sustainability requires a comprehensive approach that influences the entire value chain. It is necessary to consider the key elements of sustainability, which include economic, social and environmental dimensions.…

Overview

Saudi Arabia's construction pipeline reaches record high
OBG
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Saudi Arabia’s construction and real estate sectors are booming as the Kingdom continues on its path to comprehensive socio-economic transformation under Vision 2030. It is currently a world leader for construction activity, with a pipeline of projects valued at around $1.5trn, according to 2024 data from real estate services company JLL. These developments, however, go beyond simply expanding the…

Analysis

Public initiatives support Saudi Arabia's housing market
OBG
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Under the banner of its Vision 2030 programme – a far-reaching roadmap for economic diversification and modernisation – Saudi Arabia has set an ambitious target of 70% home ownership by 2030 and has enacted a comprehensive strategy to achieve this goal. The government’s proactive approach, underpinned by substantial public investment, market liberalisation and a host of supportive initiatives,…
Chapter

The Report: Saudi Arabia 2024: Construction & Real Estate
OBG
plus

Saudi Arabia’s construction and real estate sectors are thriving, with a $1.5trn project pipeline driving economic transformation under Vision 2030. The Kingdom leads global construction activity, with developments ranging from luxury resorts to urban projects. Key initiatives include the National Infrastructure Fund, which aims to support up to $53.3bn in investment by 2030. The sector’s growth…
Country Report

The Report: Saudi Arabia 2024
OBG
plus

Saudi Arabia, the region’s largest economy, is progressing towards diversification under Vision 2030. The digital economy is a standout performer, contributing 14% of GDP, while government-led giga-projects open long-term opportunities across various sectors. Despite a dip in oil activities that reduced the current account surplus to 3.2% in 2023, tourism income surged by 38%, boosting the servi
Event Video

8th Sustainable Buildings and RetrofitTech Saudi Summit

Join us at the 8th Sustainable Buildings and RetrofitTech Saudi Summit which is taking place on 21 - 22 October 2024 at the Radisson Blu Hotel, Riyadh, KSA. This 2-day summit will bring together the key stakeholders across retrofitting, energy efficiency and sustainability sectors to discuss sustainable construction principles, energy efficiency, retrofitting and circularity. The summit aims to…
Event Video

7th Future Landscape and Playspaces KSA Summit

With Saudi Arabia's aim towards achieving the Saudi Vision 2030 by transforming urban spaces into a more sustainable, vibrant communities, we are pleased to announce the 7th edition of the Future Landscape and Playspaces KSA Summit will be held on 30 September – 1 October 2024 at Voco Riyadh, Saudi Arabia. This edition will discuss ongoing and upcoming project requirements for landscaping and…
Event Video

2nd Stadiums and Sports Innovation Summit KSA

Saudi Arabia is not just building stadiums, it is creating a legacy that extends beyond sports, contributing to economic diversification, societal well-being, and global influence. The Kingdom is empowering individuals on their journey to optimal health and wellness. Despite major challenges faced, there are opportunities and innovative technology is being leveraged to meet the highest standards…
Event Video

6th Future Landscape and Playspaces Conference

The government of Saudi Arabia has announced several infrastructure projects and it is anticipated that this would enhance the demand for landscaping services in Saudi Arabia. These projects include Jeddah Airports Company's (JEDCO) plans to transform King Abdulaziz International Airport (KAIA) into one of the world’s largest airports with a SR115bn ($31bn) expansion plan, and expected to be completed…

View More
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