KSA Q3 Construction Landscape Analysis

ProTenders - Jul 17, 2019 10:12:22 AM

Screen Shot 2019-07-17 at 1.31.35 PMFor Q3, Saudi Arabia continues to lead the GCC construction market with a strong pipeline of urban projects worth over $1 trillion. Based on a recent survey by the General Authority of Statistics in Riyadh, the economy saw a slight growth by 1.6 per cent in the first quarter of 2019 as compared to 1.3 per cent in the same period last year. The rapid increase of projects in the kingdom will open opportunities for various jobs - from engineering to workforce and more in the construction market.

This year, Saudi Arabia is heavily investing in urban and infrastructural projects to stimulate the economy and reduce its reliance on oil. According to ProTenders analysis, Saudi Bin Ladin Group ranks top among contractors with projects valued at $19 billion, followed by Larsen & Toubro with projects worth $18.4 billion. The kingdom’s contractor awards across the Urban, Infrastructure and Oil & Gas sectors are forecasted to be $28 billion for the rest of the year. The Urban sector is expected to register the highest contractor awards valued at $11.6 billion followed by the Oil & Gas sector valued at $9 billion.

To find out more, access the FREE insights to the KSA Q3 construction landscape here

Topics: General- Industry Reports- construction



ProTenders is the leading Construction Intelligence & Tendering platform, empowering thousands of Developers, Consultants, Contractors and Suppliers around the world to reduce risk, showcase their companies, and find new leads and partners, securely and efficiently. ProTenders has over 35,000 member companies and 51,000 listed projects, and has processed over USD 30 Billion worth of bids.

Previous Post

Top 5 Upcoming Architectural Wonders To Watch Out For In The GCC

Next Post

5 Common Risks In Construction and How to Better Prepare for Them


Recent Posts

Subscribe to our Blog