Saudi Arabia Construction Sector Research Highlights

Analysis

Innovative practices contribute to carbon-neutral building
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As the construction industry redefines its priorities to ensure sustainability, there is increasing recognition of the benefits of regenerative architecture as a means of lowering emissions. According to the “2019 Global Status Report for Buildings and Construction” published by the UN Environment Programme (UNEP), the construction sector accounts for nearly 40% of global energy-related greenhouse…

Interview

Gautam Sashittal, CEO, King Abdullah Financial District (KAFD): Interview
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Interview:Gautam Sashittal Where do you identify the key demand drivers for commercial real estate in Saudi Arabia? GAUTAM SASHITTAL: The economic growth that the country is experiencing acts as a magnet for international and regional businesses to set up a presence in Riyadh. In fact, Riyadh aims to be among the top-10 city economies in the world by 2030. This, together with projections that…

Analysis

How Saudi Arabia is reimagining urban design
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The country is undertaking one of its most extensive construction projects to date, which is expected to transform the Kingdom’s north-west and set a benchmark for the future of smart city development worldwide. Located in Tabuk province, close to the Jordanian and Egyptian borders, NEOM will span the Red Sea coast with mountains, deserts and plains, and aims to use smart city technologies to achieve…

Overview

Regulatory reforms in Saudi Arabia present opportunities for property owners
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The Saudi real estate and construction sectors have been experiencing a period of rapid expansion due in part to a string of giga-projects and an economy rebounding from the pandemic. Indeed, the Kingdom is currently engaged in some of the largest construction projects in the world, including NEOM, the $500bn new city in the north-west, and developments on the Red Sea coast and in the capital city,…

Country Report

The Report: Saudi Arabia 2022
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With increasing oil and gas prices and an expanding non-oil sector, Saudi Arabia has been logging record trade surpluses in recent years, while securing government revenue for future investment. The Kingdom is expected to be among the fastest-growing economies in the G20 in 2022 â€“ and was on track to fulfil that forecast by the middle of the year. Indeed, in the first three months of 2022 G

Chapter

The Report: Saudi Arabia 2022: Construction & Real Estate
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The Saudi real estate and construction sectors have been experiencing a period of rapid expansion due in part to a string of giga-projects and an economy rebounding from the Covid-19 pandemic. Indeed, the Kingdom is currently engaged in some of the largest construction projects in the world, including NEOM, the $500bn new city in the north-west, and developments on the Red Sea coast and in the capital…

Economic Update

Sustainable construction in the Gulf: building a greener future?

– Building and construction industry accounts for 38% of energy-related carbon emissions – Gulf countries are among those with the highest ecological footprint – Major projects such as the Dubai Urban Master Plan and Masdar City highlight the region’s progress – Continued investment needed to meet future sustainable construction goals As industries around the world increasingly turn…

Chapter

The Report: Saudi Arabia 2020: Real Estate & Construction
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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 for…

Overview

Saudi Arabian citizens to benefit from affordable residential real estate
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Saudi Arabia’s residential housing segment underwent significant expansion in 2019 following several years of muted growth. The government has been the primary driver of this recent uptick in activity, launching a number of regulatory reforms and financing initiatives to increase the availability of affordable housing. Current trends in the segment include an expanding mortgage market, more…

Overview

Saudi Arabia's construction sector bounces back in 2019
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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 giga-projects are driving optimism in the sector…

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Saudi Arabia Construction Sector Research Highlights

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