Industries
Construction & infrastrcture
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SAUDI ARABIA construction & infrastructure
The Saudi Arabia construction market size was valued at $133.1 billion in 2022 and is projected to achieve an AAGR of more than 4% during 2024-2027. The industry’s growth will be supported by investments on ‘Giga projects’ that were launched as part of the Kingdom’s ‘Vision 2030’ economic diversification plan like the Neom Future Cities, Qiddiya Entertainment City, and the Red Sea Project.
Saudi Arabia offers the region’s biggest pipeline of construction opportunities and is embarking on the most ambitious infrastructure reform in its history. $400 billion will be spent in the pipeline on the IKTVA program by Saudi Aramco by 2030. The demand for industrial equipment and spare parts is predicted to skyrocket in the next few years as a result of infrastructure and localization projects. The top ten contractors in the Kingdom are responsible for USD 400 billion in projects, which are currently in the execution stage, accounting for 40% of the total future pipeline value of USD 1.1 trillion. According to MEED Projects, the total value of projects awarded in Saudi Arabia between 2021 and 2025 is expected to reach USD 569 billion, with a total of USD 85 billion (15%) awarded to date across 2021 and 2022 (October end).
The Saudi Arabia Infrastructure Sector Market size is estimated at USD 34.46 billion in 2023, and is expected to reach USD 42.89 billion by 2028, growing at a CAGR of 4.48% during the forecast period (2023-2028).
SAUDI ARABIA constructer & infrastructure IN NUMBERS
Saudi construction market size
total future pipeline value
Saudi total value of awarded projects
Saudi Infrastructure market size
france constructure & infrastructure
The France construction market size was valued at $369.8 billion in 2022. The market is projected to grow at an AAGR of more than 1% during the period 2024-2027, supported by investments on transport and renewable energy infrastructure projects together with the government focus on. Forecast-period growth in the French construction industry will also be supported by investments as part of the EUR54 billion ($55.4 billion) France 2030 plan. The French government aims to spend USD 8 billion on infrastructure development and renovation projects. Long-term industrial developments will fuel investment. Hence, the government aims to invest USD 94.4 billion in transportation infrastructure development between 2018 and 2037. The government planned to invest USD 108.1 billion to develop railways by 2040.
FRANCE construction & infrastructure IN NUMBERS
