Prior to the Covid-19 outbreak, it was reported that the infrastructure and construction industry in Saudi Arabia was amongst the largest in the Gulf Cooperation Council (GCC) region, with more than $825 billion worth of planned and unawarded projects. The industry had seen growth in the contracts awarded – from $11.2 billion in 2016 to $14.6 billion in 2018.
With increased focus from both the private and public sector, the need for infrastructure and construction development will continue to grow in line with Vision 2030. As the Kingdom further opens the leisure and hospitality market, the ease of travel to the Kingdom will continue to drive growth in the hospitality sector.
Vision 2030 and the NTP (National Transformation Project) provide the foundations underpinning the integration of sustainable development goals into the national planning process. One of the key programs of Vision 2030 – Life Quality – is directly linked to the sustainable development goals. At the heart of all this sits Saudi Arabia’s infrastructure and construction industry.
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