Market Size of Saudi Arabia Infrastructure Sector Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
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Saudi Arabia Infrastructure Sector Market Size Summary
Saudi Arabia's infrastructure sector has been experiencing notable growth, with a significant pipeline of projects aimed at diversifying the economy beyond oil. This development agenda has opened up opportunities in various new areas such as smart cities, tourism, and clean energy. Key projects include the Qiddiya project, a city for entertainment, sports, and arts, and Amala, a luxury wellness tourism project. Efforts are also being made to address social challenges, such as affordable housing and urban congestion, through initiatives like the Sakani programme and a major metro project. The infrastructure sector is also witnessing trends like the growth of the power sector and an increase in GDP. The energy sector is undergoing a digital transformation, with major investments fast-tracking sustainability, R&D, and manufacturing aims. The GDP growth, though softened due to oil production cuts, is expected to be boosted by efforts to attract private sector investment for infrastructure and industrial programs. The market is fragmented and expected to grow further due to these upcoming projects and other driving factors.
Explore MoreSaudi Arabia Infrastructure Sector Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters 5 Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Market Insights
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1.6.1 Current Economic and Construction Market Scenario
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1.6.2 Technological Innovations in the industry
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1.6.3 Impact of Government Regulations and Initiatives on the Industry
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1.6.4 Impact of COVID -19 on the market
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2. MARKET SEGMENTATION
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2.1 By Infrastructure segment
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2.1.1 Social Infrastructure
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2.1.1.1 Schools
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2.1.1.2 Hospitals
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2.1.1.3 Defence
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2.1.1.4 Others
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2.1.2 Transportation Infrastructure
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2.1.2.1 Railways
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2.1.2.2 Roadways
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2.1.2.3 Airports
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2.1.2.4 Waterways
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2.1.3 Extraction Infrastructure
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2.1.3.1 Power Generation
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2.1.3.2 Electricity Transmission & Disribution
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2.1.3.3 Water
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2.1.3.4 Gas
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2.1.3.5 Telecoms
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2.1.4 Manufacturing Infrastructure
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2.1.4.1 Metal and Ore Production
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2.1.4.2 Petroleum Refining
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2.1.4.3 Chemical Manufacturing
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2.1.4.4 Industrial Parks and clusters
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2.1.4.5 Others
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Saudi Arabia Infrastructure Sector Market Size FAQs
How big is the Saudi Arabia Infrastructure Sector Market?
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.
What is the current Saudi Arabia Infrastructure Sector Market size?
In 2024, the Saudi Arabia Infrastructure Sector Market size is expected to reach USD 36.00 billion.
