Overview
Saudi Arabia, as the largest construction market in the Middle East, is experiencing significant growth and offers lucrative opportunities. This growth is driven by Vision 2030, private sector investments, and ongoing reforms. Vision 2030, along with substantial investments in housing and infrastructure, has revitalized the construction industry and created attractive investment prospects in the building material sector. The building materials sector is a crucial component of the region’s construction industry.
The Building Material Sector has outlined several objectives to foster its development. These include creating investment opportunities, encouraging both Saudi and foreign investments, maximizing the economic impact of national resources through local content utilization and value chain integration, and generating sustainable job opportunities for the national workforce. The sector also aims to enhance competitiveness and innovation through talent development, and meet the local market demand while increasing exports of high-value-added building materials.
By promoting investment, utilizing local resources, and nurturing talent, the Building Material Sector seeks to meet the growing demands of the local market while expanding its global presence. This sector plays a vital role in supporting the construction industry and contributing to Saudi Arabia’s overall economic growth.
The Largest construction market in the Middle East
Market
2021
22.1 B
Impact by
2035
53.2 B GDP
57 K JOBS
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