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Construction in Saudi Arabia - Key Trends and Opportunities to 2017
Aug 20, 2015
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Construction in Saudi Arabia - Key Trends and Opportunities to
2017
Category : Construction
All logos and Images mentioned on this slide belong to their respective owners.
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Introduction to Report
Launch Date: February 19, 2014
Number of Pages: 77
Geography Coverage: Saudi Arabia
Available Format: PDF
Price For Single User License: USD 1,950
Price For Site License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
The Saudi Arabian construction industry registered a compound annual growth rate (CAGR) of 6.94% during the review period (2008–2012). Industry expansion was supported by the government’s initiatives to transform the country from an oil-based economy to one more reliant on manufacturing and services.
The industry is expected to record a forecast-period (2012–2017) CAGR of 5.54%, driven by an increase in government expenditure on infrastructure construction.
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Research Findings
According to the Central Department of Statistics and Information, Saudi Arabia’s population increased from 28.4 million in 2011 to 29.2 million in 2012, registering an annual growth of 2.9%.
This growth was significantly lower than the last five-year (2008–2012) average rate of 3.2%, as the birth rate (per 1,000) declined from 23.6 in 2007 to 21.8 in 2012.
The gender distribution of the population remains skewed, with males accounting for 55% of the total population and females accounting for 45.0%. According to UN estimates, Saudi Arabia’s population is expected to reach 33.5 million by 2020.
The unemployment rate averaged at 5.37% during 2009–2012, but fell to 5.1% in 2013.
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Research Findings Contineus…
Publisher expects this scheme, along with the general economic performance, to bring the unemployment rate down to 4.9% by 2017.
The Gulf Cooperation Council (GCC) is undertaking a railway network project which will connect six GCC states in the Middle East by 2018, at an estimated investment of SAR58.1 billion (US$15.5 billion).
Saudi Arabia will be part of the project, which involves the construction of 2,177km of rail line, covering the Gulf coast and extending from Oman to Kuwait, passing through the UAE, Bahrain, Qatar and Saudi Arabia.
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Research Findings Contineus…
The country’s population growth has caused housing demand to outstrip supply. Demand for affordable housing is particularly strong, with low and middle-income households making up over 75.0% of the unmet demand.
For example, Hilton plans to open 14 new hotels with 7,000 rooms in Saudi Arabia in 2014, six of which will be developed in Mecca.
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Scope
Historical (2008-2012) and forecast (2013-2017) valuations of the construction industry in Saudi Arabia using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Assessment of the competitive environment using Porter’s Five Forces analysis
Detailed profiles of the leading construction companies in Saudi Arabia
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Report Coverage
1. Executive Summary2. Market Overview3. Commercial Construction4. Industrial Construction5. Infrastructure Construction6. Institutional Construction7. Residential Construction8. Company Profile: Dar Al Arkan Real Estate Development
Company9. Company Profile: Mohammad Al-Mojil Group10. Company Profile: El Seif Engineering Contracting Company
Ltd11. Company Profile: Saudi Binladin Group12. Company Profile: Abdullah A. M. Al-Khodari Sons Company13. Market Data Analysis14. Appendix
For more details regarding Report coverage see the last slide
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Company Coverage (Partial List)
For more details regarding company coverage and TOC see the last slide
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