Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Construction in Saudi Arabia - Key Trends and Opportunities to 2024” under Construction category. The Construction in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.

Prior to the Coronavirus (COVID-19) outbreak, Saudi Arabia’s Construction Sector had posted growth for the first time in four years, expanding to 4.1% in real terms for 2019. However, owing to disruptions from plunging oil prices and the pandemic, forecasts construction output will contract by 2.8%, and expects a recovery for the sector of 3.3% in 2021. This latest forecast reflects the extended lockdown measures which were cautiously eased in July, along with the departure of an estimated one million expatriate workers in the wake of the economic shutdown, and the uncertainty regarding the degree to which the government will be able to offset its oil revenue losses and stabilize its debt burden in the short term.

Request a free sample copy of Saudi Arabia Construction Industry Report @
http://www.marketreportsonsaudiarabia.com/marketreports/sample/reports/2155087



Saudi Arabia’s preliminary budget statement showed a cut to government spending of 7.3% in 2021, after VAT was tripled and customs duties increased in July 2020, and despite the economy entering a recession in Q2; this implies that the main policy goal for the Kingdom in the short term is to reduce the budget deficit, rather than boost economic growth. However, there are clear signs that the Kingdom is moving to progress with its Vision 2030. Saudi Arabia approved a new mining law to attract more local and foreign investments in the mining sector, as well as to diversify its economy away from oil. Tourism is another area that is being prioritised. The government is encouraging public-private partnerships (PPPs) under the executive programme. The programme aims to create an attractive investment environment in a bid to increase the quality of infrastructure. Additionally, the Kingdom is looking to sell assets in sectors which were previously not targeted for privatization, such as healthcare and education, as it looks to diversify its revenue base and bring more efficiency to state entities, with authorities aiming to raise a total of more than US$50 billion from privatizations over the next five years.

This report provides detailed market analysis, information, and insights into Saudi Arabia’s construction industry, including -
- Saudi Arabia’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Saudi Arabia’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope
This report provides a comprehensive analysis of the construction industry in Saudi Arabia. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in Saudi Arabia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy
- Identify and evaluate market opportunities using standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Browse our full report with Table of Contents: http://www.marketreportsonsaudiarabia.com/marketreports/construction-in-saudi-arabia-key-trends-and-opportunities-to-2024/2155087

About Us
Market Reports on Saudi Arabia provides you with an in-depth industry reports focusing on various economic, political and operational risk environment, complemented by detailed sector analysis. We have an exhaustive coverage on variety of industries – ranging from energy and chemicals to transportation, communications, constructions and mining to Food and Beverage and education. Our collection includes over 2000 up-to-date reports all researched, analysed and published by top-notch international research firms.

Contact us at:
Market Reports on Saudi Arabia
Tel: +91 22 27810772 / 27810773
Email: [email protected]
Website: http://www.Industryreportsonsaudiarabia.com
Follow us on : Twitter, Facebook, LinkedIn