Saudi Arabia is could become the world’s largest construction market as the kingdom pours vast amounts of money into projects aimed at overhauling and diversifying its economy, according to a report from real estate consultancy group Knight Frank. the UK-based firm projected that Saudi Arabia’s total construction output value will reach $181.5 billion by the end of 2028.

If this figure is achieved it would be an increase of almost 30% from 2023 levels when the output value for the sector reached $141.5 billion. This growth is to come from the desire to execute the Vision 2030 plan, which looks to transform the country’s economy and reduce dependence on money from oil.

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