Saudi Arabia’s construction industry—the largest in the Arab world—is forecast to grow by approximately 5.3% annually, reaching an estimated $96 billion by 2030, according to the former head of the Kingdom’s contractors authority.
Fahd Hamadi noted that the sector is experiencing record expansion, driven by a surge in infrastructure and related projects.
Speaking to the Saudi newspaper Aleqtisadia, Hamadi said construction activity is expected to climb to about $74 billion this year, up from nearly $70 billion in 2024.
Growth momentum is projected to continue in the coming years, with the market anticipated to reach roughly $91 billion by 2029 and surpass $96 billion in 2030.
“The construction sector in the Kingdom is seeing exceptional growth, fueled by the awarding of large-scale projects and the adoption of advanced technologies,” Hamadi said. “Saudi Arabia has become an attractive market for international companies that are helping drive this expansion.”
Source: Zawya Projects
