Group 1 - Saudi Arabia is experiencing an unprecedented construction boom driven by the "Vision 2030" strategy, making it the largest construction market in the Arab region [1] - The construction market is projected to reach $74.11 billion by 2025, with an average annual growth rate of approximately 5.37% over the next five years, potentially reaching $96.26 billion by 2030 [3] - The building materials sector is also thriving, with the market expected to reach around $88.5 billion by 2025, and the imported wood market projected to grow from $2.1 billion in 2024 to $2.8 billion [3] Group 2 - The Saudi government plans to invest up to 4.13 trillion riyals (approximately $1.1 trillion) in infrastructure and real estate as part of the "Vision 2030" initiative, highlighting its commitment to the construction industry [4] - Currently, around 20 mega-projects have been initiated, including the world-renowned NEOM project [4] - The construction boom is positively impacting the tourism and hospitality sectors, with Saudi Arabia ranking high in global hotel construction, featuring 90 five-star hotel projects and over 33,000 rooms [4]
沙特建筑业迎来史上最大繁荣期,2030年市场规模将突破960亿美元
Sou Hu Cai Jing·2025-06-24 11:43