The Saudi Arabia Construction Market size is estimated at USD 65.58 billion in 2023, and is expected to reach USD 75.12 billion by 2028, growing at a CAGR of 2.75% during the forecast period (2023-2028).
The Saudi Arabia construction market is fragmented and highly competitive, with the presence of major international players. The Saudi Arabian construction market presents opportunities for growth during the forecast period, which is expected to further drive the market competition. With a few players holding a significant market share, the Saudi Arabian construction market has an observable level of consolidation. Some of the key players include JGC Corp., SNC-Lavalin, Fluor Corp., Van Oord Dredging & Marine Contractors BV, and VINCI. The government's focus on the creation of general infrastructure as well as energy and utility construction projects is anticipated to help the construction industry's output as part of its effort to diversify its economy away from the oil industry.
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