| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 15.46 Billion |
| Market Size (2030) | USD 19.88 Billion |
| CAGR (2025 - 2030) | 5.16 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Riyadh Construction Market Analysis
The Riyadh Construction Market size is estimated at USD 15.46 billion in 2025, and is expected to reach USD 19.88 billion by 2030, at a CAGR of 5.16% during the forecast period (2025-2030).
The Riyadh construction market indicates a dynamic and growing sector. The city's ambitious development projects, including infrastructure enhancements, commercial and residential developments, and investment in smart city initiatives, contribute to a thriving construction market. With a focus on sustainable urban development and modernization, Riyadh presents lucrative opportunities for construction companies, investors, and stakeholders aiming to participate in the city's transformation.
As Saudi Arabia gears up for the Riyadh Expo 2030, the nation is actively advancing its Vision 2030 objectives, with a significant emphasis on its Giga Project Program. This initiative encompasses a series of large-scale developments spanning tourism, residential, commercial, retail, and industrial sectors to invigorate the economy and facilitate the Kingdom's economic transformation. These giga projects, integral to Saudi Arabia's Vision 2030 agenda, are strategically designed to unlock new economic opportunities, generate employment, and foster economic, social, and cultural diversity. Referred to as the "crown jewels" of Vision 2030 by the government, they represent a pivotal aspect of Saudi Arabia’s future trajectory.
Riyadh Construction Market Trends
Government initiatives in the Riyadh construction market aim to stimulate economic growth
Government initiatives in the Riyadh construction market are aimed at driving economic growth, fostering sustainable development, and improving the quality of life for residents. Saudi Arabia's Vision 2030 is a comprehensive roadmap for the country's future, emphasizing economic diversification, social development, and infrastructure enhancement. The construction sector contributes significantly to achieving the goals outlined in Vision 2030, including developing vibrant cities, sustainable communities, and a competitive economy. Aligned with Vision 2030, the NTP sets specific targets and initiatives to drive economic diversification and improve the efficiency of government services. This program includes initiatives related to infrastructure development, housing, transportation, and urban planning, which are integral to the construction sector's growth in Riyadh.
Recently, the government has launched various housing programs to address the growing demand for affordable housing in Riyadh. Initiatives such as the Sakani program aim to increase homeownership rates by providing housing solutions for Saudi citizens, including subsidized housing loans and affordable housing units. The government constantly invests in infrastructure projects to support Riyadh's rapid urbanization and population growth. These investments include the development of transportation networks, utilities, healthcare facilities, educational institutions, and public amenities to enhance the city's liveability and attract investment.
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Government's Emphasis on Sustainable Development and Green Building Initiatives in Riyadh Construction Projects
The government's focus on sustainable development and green building initiatives influences construction projects, encouraging the adoption of environmentally friendly practices and materials.
In the Riyadh construction market, there's a strong emphasis on aligning projects with Sustainable Development Goals (SDGs). This includes initiatives to promote environmentally friendly building practices, enhance energy efficiency, reduce carbon emissions, and minimize waste generation throughout the construction process. Additionally, there is a focus on establishing sustainable and resilient infrastructure that can endure potential challenges such as climate change and natural disasters. By integrating SDGs into construction projects, Riyadh aims to contribute to global sustainability efforts while fostering economic growth and development in the region.
The Green Building Initiative in Riyadh may involve certification programs or rating systems that assess the sustainability performance of buildings. These programs, such as LEED (Leadership in Energy and Environmental Design) or Estidama, provide guidelines and standards for green building design, construction, and operations. The initiative may include awareness campaigns, workshops, and training programs to educate stakeholders in the construction industry about the benefits of green building practices and how to implement them effectively. This can help increase adoption rates and drive innovation in sustainable construction techniques.
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Riyadh Construction Industry Overview
The Riyadh construction market is moderately fragmented, with the presence of a large number of players across the country. Players in the market are adopting technological innovation, expansions, mergers, and acquisitions to capture more market share. Some of the significant players operating in the Riyadh construction market include Bechtel, Nesma & Partners Contracting Co., Fluor Corp., KEO International Consultants, and Parsons Corporation.
Riyadh Construction Market Leaders
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Bechtel
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Nesma & Partners Contracting Co.
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Fluor Corp.
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KEO International Consultants
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Parsons Corporation
- *Disclaimer: Major Players sorted in no particular order
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Riyadh Construction Market News
September 2023: Bechtel, a prominent company specializing in engineering, procurement, construction, and project management, unveiled the inauguration of its new regional headquarters situated in the center of Riyadh, Saudi Arabia's capital city.
February 2023: Saudi Arabia's sovereign wealth fund committed to a combined investment of USD 1.3 billion in four domestic construction firms as a component of its capital augmentation efforts. Through this initiative, the Public Investment Fund secured interests in Nesma & Partners Contracting Co., El Seif Engineering Contracting Co., AlBawani Holding Co., and Almabani General Contractors Co. These recent transactions reflect PIF's overarching strategy to bolster and empower pivotal sectors within Saudi Arabia, consistent with the objectives outlined in Vision 2030.
Riyadh Construction Industry Segmentation
The construction market is defined as companies engaged in building or engineering projects, such as bridges and roads. Construction also takes place when renovating existing buildings. The report provides a complete background analysis of the Riyadh construction market, comprising an evaluation of the sector and its contribution, market overview and size estimation for critical segments, the impact of COVID-19, prominent countries, emerging trends in the market segments, market dynamics, and key statistics on goods flow. The construction market in Riyadh is segmented by sector (commercial construction, residential construction, industrial construction, infrastructure [transportation] construction, and energy and utility construction). The report offers market size and forecasts in value (USD) for all the above segments.
| By Sector | Commercial Construction |
| Residential Construction | |
| Industrial Construction | |
| Infrastructure (Transportation) Construction | |
| Energy and Utilities Construction |
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Riyadh Construction Market Research FAQs
How big is the Riyadh Construction Market?
The Riyadh Construction Market size is expected to reach USD 15.46 billion in 2025 and grow at a CAGR of 5.16% to reach USD 19.88 billion by 2030.
What is the current Riyadh Construction Market size?
In 2025, the Riyadh Construction Market size is expected to reach USD 15.46 billion.
Who are the key players in Riyadh Construction Market?
Bechtel, Nesma & Partners Contracting Co., Fluor Corp., KEO International Consultants and Parsons Corporation are the major companies operating in the Riyadh Construction Market.
What years does this Riyadh Construction Market cover, and what was the market size in 2024?
In 2024, the Riyadh Construction Market size was estimated at USD 14.66 billion. The report covers the Riyadh Construction Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Riyadh Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Riyadh Construction Industry Report
Statistics for the 2025 Riyadh Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Riyadh Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
