Transcribed

Construction in Saudi Arabia – Key Trends and Opportunities to 2017

Figure 8: Saudi Arabian Commercial Construction Output (US$ Million), 2008–2017 Source: Timetric analysis O Timetric Commercial Construction Output (US$ Million)

Construction in Saudi Arabia – Key Trends and Opportunities to 2017

shared by JSBMarketResearch on Feb 26

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The Saudi Arabian construction industry registered a compound annual growth rate (CAGR) of 6.94% during the review period (20082012). Industry expansion was supported by the governments initiatives to... transform the country from an oil-based economy to one more reliant on manufacturing and services. This resulted in significant investments in infrastructure development, which positively affected other markets in the industry. Population growth and a rise in disposable income also increased the demand for residential, commercial and institutional buildings. The industry is expected to record a forecast-period (20122017) CAGR of 5.54%, driven by an increase in government expenditure on infrastructure construction.