Market Size of Saudi Arabia Transportation Infrastructure Construction Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 9.90 Billion |
Market Size (2029) | USD 11.35 Billion |
CAGR (2024 - 2029) | 2.77 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Transportation Infrastructure Construction Market Analysis
The Saudi Arabia Transportation Infrastructure Construction Market size is estimated at USD 9.90 billion in 2024, and is expected to reach USD 11.35 billion by 2029, growing at a CAGR of 2.77% during the forecast period (2024-2029).
The COVID-19 had a meager impact on the Saudi Arabia construction sector in 2020, contracted by 0.9%, this Pandemic did not affect the transportation infrastructure construction market, as continuous investments were implemented by Saudi Arabian government.
Recently, Saudi Arabia planned a massive program of infrastructure development, 22 projects worth over USD 134 billion, out of which eight will be for road works, this will create a huge demand for transportation construction companies.
Saudi Arabia's Vision 2030, along with a significant investment in housing and infrastructure development promoted across the country by local authorities, is revitalizing the transportation construction industry and generating interest in a growing number of international players.