GCC Construction Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Investment Analysis of Construction Industry in GCC Countries and the Market is Segmented by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utilities Construction) and Country (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates).

GCC Construction Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

GCC Construction Market Size

GCC Construction Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 177.77 Billion
Market Size (2030) USD 226.88 Billion
CAGR (2025 - 2030) 5.00 %
Market Concentration Low

Major Players

GCC Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of GCC Construction Market with other markets in Real Estate and Construction Industry

Real Estate

Construction

GCC Construction Market Analysis

The GCC Construction Market size is estimated at USD 177.77 billion in 2025, and is expected to reach USD 226.88 billion by 2030, at a CAGR of greater than 5% during the forecast period (2025-2030).

The GCC projects market has faced various challenges in recent years, including the global pandemic, inflation, and geopolitical issues. These challenges have tested contractors, suppliers, and engineering firms as they try to adapt to the rapidly changing market conditions.

In 2020, the market experienced a low, with contract awards totaling just over USD 71 billion due to the impact of COVID-19. However, in 2021, the market rebounded strongly to almost USD 116 billion, thanks to higher oil prices and the resumption of delayed projects. At the beginning of 2022, there was optimism for continued recovery, but the market did not perform as expected. In total, about USD 94 billion worth of contracts were awarded in 2022, which was a decline of over USD 20 billion compared to the previous year. This contraction in 2022 can be largely attributed to a 25% decline in new contracts in the UAE and a 44% decline in Qatar. Qatar has reduced its capital expenditure in preparation for the FIFA World Cup, while the UAE continues to face challenges in its real estate sector.

The only positive aspect is Saudi Arabia, which has seen contract awards worth just under USD 54 billion, making its projects market larger than the combined markets of the other five GCC states.

GCC Construction Industry Overview

The construction market in GCC countries is fragmented, with a lot of players having scope for growth. The developers are trying to bring new and lower-cost products to meet the current demand. Evolving technological advancements such as new proptech solutions are driving the market in terms of increased transactions and better management of real estate assets. Some of the major players in the GCC construction market include Nesma & Partners Contracting, Albawani Group, ALEC Engineering and Contracting, Arabian Construction Company, and ASGC Construction.

GCC Construction Market Leaders

  1. Nesma & Partners Contracting

  2. Albawani Group

  3. ALEC Engineering and Contracting

  4. Arabian Construction Company

  5. ASGC Construction

  6. *Disclaimer: Major Players sorted in no particular order
GCC Construction Market Concentration
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GCC Construction Market News

  • April 2023: ALEC Engineering and Contracting (ALEC), part of the Investment Corporation of Dubai (ICD), has won the main contract for constructing Wynn Resort, an integrated resort development on the man-made Al Marjan Island. The contract was awarded by Ras Al Khaimah-based master developer Marjan, along with RAK Hospitality Holding and Wynn Resorts Limited.
  • February 2023: ASGC successfully completed Grand Creek Harbour at Dubai Creek Harbour. This 2 million sq. ft. development comprises two slender towers, offering a luxury 5-star hotel with 220 keys and 790 serviced apartments. The development features a stunning glass facade and is designed with sustainability in mind, including solar panels, energy-efficient fixtures, green materials, and water-friendly landscaping.

GCC Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Current Economic and Construction Market Scenario
  • 4.2 Technological Innovations in the Construction Market
  • 4.3 Review and Commentary on the Extent of Government Infrastructure Development Schemes
  • 4.4 Comparison of Key Industry Metrics in GCC
  • 4.5 Comparison of Construction Cost Metrics in GCC
  • 4.6 Impact of Government Regulations and Initiatives in the Construction Industry
  • 4.7 Real Estate Prices (sales and leasing) by Asset Classes (residential, commercial, retail)
  • 4.8 Industry Value Chain/Supply Chain Analysis
  • 4.9 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Green And Sustainable Buildings Initiatives
    • 5.1.2 Urbanisation and Tousrism Growth
  • 5.2 Market Restraints
    • 5.2.1 Decliing Crude Oil Prices
  • 5.3 Market Opportunities
    • 5.3.1 Business Tourism
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargaining Power of Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitutes
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Sector
    • 6.1.1 Commercial Construction
    • 6.1.2 Residential Construction
    • 6.1.3 Industrial Construction
    • 6.1.4 Infrastructure (Transportation) Construction
    • 6.1.5 Energy and Utilities Construction
  • 6.2 By Country
    • 6.2.1 United Arab Emirates
    • 6.2.2 Saudi Arabia
    • 6.2.3 Oman
    • 6.2.4 Qatar
    • 6.2.5 Kuwait
    • 6.2.6 Bahrain

7. COMPETITIVE LANDSCAPE

  • 7.1 Company profiles
    • 7.1.1 Nesma & Partners Contracting
    • 7.1.2 Albawani Group
    • 7.1.3 ALEC Engineering and Contracting
    • 7.1.4 Arabian Construction Company
    • 7.1.5 ASGC Construction
    • 7.1.6 Al Naboodah Construction
    • 7.1.7 Almabani General Contractors
    • 7.1.8 Airolink
    • 7.1.9 UCC Holding
    • 7.1.10 Khansaheb*
  • *List Not Exhaustive

8. FUTURE OF THE MARKET

9. APPENDIX

10. DISCLAIMER

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GCC Construction Industry Segmentation

The construction market is defined as companies that are engaged in the construction of buildings or engineering projects, such as bridges and roads. Construction work also takes place when renovating existing buildings.

The construction market in GCC countries is segmented by sector into commercial construction, residential construction, industrial construction, infrastructure (transportation) construction, and energy and utility construction, and by country into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

The report offers market size and forecasts in value (USD) for all the above segments.

By Sector Commercial Construction
Residential Construction
Industrial Construction
Infrastructure (Transportation) Construction
Energy and Utilities Construction
By Country United Arab Emirates
Saudi Arabia
Oman
Qatar
Kuwait
Bahrain
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GCC Construction Market Research Faqs

How big is the GCC Construction Market?

The GCC Construction Market size is expected to reach USD 177.77 billion in 2025 and grow at a CAGR of greater than 5% to reach USD 226.88 billion by 2030.

What is the current GCC Construction Market size?

In 2025, the GCC Construction Market size is expected to reach USD 177.77 billion.

Who are the key players in GCC Construction Market?

Nesma & Partners Contracting, Albawani Group, ALEC Engineering and Contracting, Arabian Construction Company and ASGC Construction are the major companies operating in the GCC Construction Market.

What years does this GCC Construction Market cover, and what was the market size in 2024?

In 2024, the GCC Construction Market size was estimated at USD 168.88 billion. The report covers the GCC Construction Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the GCC Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

GCC Construction Industry Report

Statistics for the 2025 GCC Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

GCC Construction Market Report Snapshots