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Saudi Arabia Infrastructure Sector Market Size (2024 - 2029)

The market size of the Saudi Arabia infrastructure sector is poised for significant growth, driven by a comprehensive pipeline of projects aimed at economic diversification and global positioning. This expansion encompasses various domains, including smart cities, tourism, and clean energy, reflecting a strategic shift beyond oil dependency. Key initiatives, such as the Qiddiya entertainment city and the Amala wellness tourism project, highlight the country's commitment to attracting investment and enhancing its infrastructure landscape. Additionally, efforts to address social challenges, such as affordable housing and urban congestion, further underscore the dynamic growth trajectory of the infrastructure market in Saudi Arabia.

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Market Size of Saudi Arabia Infrastructure Sector Industry

Infrastructure Sector in Saudi Arabia Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 36.00 Billion
Market Size (2029) USD 44.81 Billion
CAGR (2024 - 2029) 4.48 %
Market Concentration Low

Major Players

Infrastructure Sector in Saudi Arabia Key Players

*Disclaimer: Major Players sorted in no particular order

Saudi Arabia Infrastructure Market Analysis

The Saudi Arabia Infrastructure Sector Market size is estimated at USD 36 billion in 2024, and is expected to reach USD 44.81 billion by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).

Saudi Arabia has announced a trillion-dollar pipeline of infrastructure projects aimed at diversifying the economy beyond oil and positioning the kingdom as a global hub for investment and logistics. The development agenda has created opportunities in a range of new areas such as smart cities, tourism, and clean energy.

The Qiddiya project, located 45 km west of Riyadh, is being developed as a city for entertainment, sports, and arts, and also has a completion date of 2022 for the first phase. With initial infrastructure costs of USD 8bn, the project needs additional investments to reach its goal of 17million visitors per year by 2035. Amala, a USD 3bn luxury wellness tourism project, planned for construction near NEOM and The Red Sea Project in the north-west, is scheduled to open its first phase in 2020.

The Economic Cities Authority has been set up to rekindle investor interest in older economic cities projects like King Abdullah Economic City. Other planned projects aim to address a specific social challenge. For example, to tackle the shortage in affordable housing, the housing ministry has set up the Sakani programme, which aims to provide housing options for thousands of Saudis. To ease congestion in urban areas and address climate change, the High Commission for the Development of Arriyadh (ADA) has signed the world's biggest civil-engineering contract for a six-line metro valued at USD 22.5bn, while the Ministry of Energy, Industry and Mineral Resources (MEIM) has plans to deploy 9.5 GW of renewable energy by 2023.

Saudi Arabia Infrastructure Industry Segmentation

The Infrastructure in Saudi Arabia covers the growing construction projects in different sectors, like Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, Manufacturing Infrastructure. Along with the scope of the report also it analyses the key players and the competitive landscape in the Infrastructure sector in Saudi Arabia. The report also covers the impact of COVID - 19 on the market.

By Infrastructure segment
Social Infrastructure
Schools
Hospitals
Defence
Others
Transportation Infrastructure
Railways
Roadways
Airports
Waterways
Extraction Infrastructure
Power Generation
Electricity Transmission & Disribution
Water
Gas
Telecoms
Manufacturing Infrastructure
Metal and Ore Production
Petroleum Refining
Chemical Manufacturing
Industrial Parks and clusters
Others
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Saudi Arabia Infrastructure Sector Market Size Summary

The infrastructure sector in Saudi Arabia is poised for significant growth, driven by a comprehensive strategy to diversify the economy away from oil dependency and establish the kingdom as a global investment and logistics hub. This ambitious development agenda encompasses a wide array of projects, including smart cities, tourism, and clean energy initiatives. Notable projects such as Qiddiya, Amala, and The Red Sea Project highlight the kingdom's commitment to transforming its urban landscape and enhancing its appeal as a destination for tourism and entertainment. Additionally, the establishment of the Economic Cities Authority and initiatives like the Sakani program address social challenges such as affordable housing, while large-scale infrastructure projects like the Arriyadh metro aim to alleviate urban congestion and combat climate change.

The Saudi Arabian infrastructure market is characterized by a fragmented landscape with numerous key players, including EL SEIF GROUP COMPANY LTD, Bechtel, and China Railway Construction Corp. Ltd. The sector is expected to experience steady growth over the forecast period, supported by substantial private sector investments and government initiatives aligned with Vision 2030. The kingdom's energy sector is also undergoing a digital transformation, with significant investments aimed at enhancing sustainability and manufacturing capabilities. Despite challenges such as fluctuating oil prices and the need for fiscal consolidation, the infrastructure market is set to expand, driven by ongoing and planned projects that cater to evolving customer demands and technological advancements.

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Saudi Arabia Infrastructure Sector Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porters 5 Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Market Insights

      1. 1.6.1 Current Economic and Construction Market Scenario

      2. 1.6.2 Technological Innovations in the industry

      3. 1.6.3 Impact of Government Regulations and Initiatives on the Industry

      4. 1.6.4 Impact of COVID -19 on the market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Infrastructure segment

      1. 2.1.1 Social Infrastructure

        1. 2.1.1.1 Schools

        2. 2.1.1.2 Hospitals

        3. 2.1.1.3 Defence

        4. 2.1.1.4 Others

      2. 2.1.2 Transportation Infrastructure

        1. 2.1.2.1 Railways

        2. 2.1.2.2 Roadways

        3. 2.1.2.3 Airports

        4. 2.1.2.4 Waterways

      3. 2.1.3 Extraction Infrastructure

        1. 2.1.3.1 Power Generation

        2. 2.1.3.2 Electricity Transmission & Disribution

        3. 2.1.3.3 Water

        4. 2.1.3.4 Gas

        5. 2.1.3.5 Telecoms

      4. 2.1.4 Manufacturing Infrastructure

        1. 2.1.4.1 Metal and Ore Production

        2. 2.1.4.2 Petroleum Refining

        3. 2.1.4.3 Chemical Manufacturing

        4. 2.1.4.4 Industrial Parks and clusters

        5. 2.1.4.5 Others

Saudi Arabia Infrastructure Sector Market Size FAQs

The Saudi Arabia Infrastructure Sector Market size is expected to reach USD 36.00 billion in 2024 and grow at a CAGR of 4.48% to reach USD 44.81 billion by 2029.

In 2024, the Saudi Arabia Infrastructure Sector Market size is expected to reach USD 36.00 billion.

Saudi Arabia Infrastructure Market Report Snapshots

Saudi Arabia Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)