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Saudi Arabia Building Construction Industry Overview

Ventures Middle East LLC
December 1, 2009
SKU: VME2528006

Abstract Table of Contents Search inside this report Related Reports

Countries covered: Saudi Arabia

Buoyed by the steady growth in population thus driving the demand for affordable housing, the building and construction sector in Saudi Arabia is touting to record unprecedented growth in the coming years. The total value of construction contracts awarded to contractors is set to witness an impressive US$ 63,383 million in 2012 registering a double-digit compound annual growth rate of 23.4 percent from its moderate US$ 22,152 million in 2008. The availability of vast amount of undeveloped urban land in addition growing population with increased per capita income are the primary driving force contributing to this progressive growth. Other factors that drives the market includes the steady growth in religious tourism, the impending implementation of the new mortgage laws in addition to the upcoming Economic city developments in the country.

Despite its promises to pose significant growth in the medium to long term, the Saudi construction market still suffers a few pangs in the form of project delays, conservative banking policies, delays in execution of laws and lack of transparency besides bearing the brunt of global economic slowdown.

However with the global economy showing gradual signs of recovery in addition to all the segments of construction sector such as the residential, rental, retail, infrastructure and commercial segments posing a strong growth the Saudi real estate market is all set to overcome the challenges to emerge a strong, leading and promising Industry in the medium and long term.

The upcoming study on Building and construction Industry in Saudi Arabia provides a strategic insight into the various political, economic, social, technical, legislative and environmental factors impacting this promising market. Besides an analysis into the market drivers and restraints, the study also provides the following

Analysis of Saudi Residential market including the rental segment and Housing Finance
Analysis of Saudi Retail/ commercial sector
Analysis of Saudi Infrastructure sector

Key highlights of the study includes providing detailed analysis of Market size and forecasts of KSA Building construction contracts, market share analysis of real estate players, real estate developers, real estate consultants and contractors respectively. The study also provides detailed description of the ongoing construction projects in addition to the proposed new projects thereby serving as a wealth of information for all key stakeholders of real estate sector vying to enter this market.

Executive Summary
Introduction
1. Chapter 1: A Strategic Overview Of The Real Estate Sector: 1.1 Market Overview of the Real estate Sector; 1.2 PESTLE Analysis Of Factors Impacting The Real Estate Sector; Political Factors; Economic Factors; Social factors; Technological factors; Legislative Factors; Environmental Factors; 1.3 Key Drivers and restraints of Saudi Real Estate; I. Market Drivers; Growing population drives need for more housing; Tourism stimulates demand in the hospitality sector; Proposed Government law on mortgage will drive the need for new houses; Development of Economic cities will drive real estate market; Lot of urban land which needs to be developed; II. Market Restraints; Volatile Oil prices dampens economic development; Global economic slug affects real estate sector in Saudi; Delay in execution of laws and lack of transparency; Conservative banking policies dampens real estate market; Project Delays; 1.4 Market Size and Forecast; 1.5 Market Share Analysis
Chapter 2: Analysis of KSA Residential market: 2. KSA Housing/Residential Segment; 2.1 Stage set for a fundamental turn around; 2.2 Housing Finance; 2.3 Rentals in KSA are relatively Lower
Chapter 3: Analysis of the Saudi Retail/ Commercial Sector: 3. Commercial; Retail & Industrial segments; 3.1 Retail Sector to Witness 30% growth; 3.2 Economic Cities Will Augment demand for Commercial Space; 3.3 Demand for Industrial land is expected to grow by more than 50%
Chapter 4: Analysis Of The Saudi Tourism/ Hospitality Sector: 4. Country’s hospitality sector is set for major changes; 4.1 Religious Tourism: Country is Home for Holy Cities; 4.2 Business tourism in growing phase; 4.3 Potential Leisure tourism
Chapter 5: Analysis of the Saudi Infrastructure projects: 5. Real Estate advancement Amplifies the need for expanding and improving the infrastructure facilities; 6. Conclusion; 7. Code of Ethics; 8. Ventures Middle East GCC Projects Database
List of Figures: Figure 1: Saudi Arabia; Figure 2: Real Estate Contribution to Saudi GDP; Figure 3: KSA real Estate Sector - PESTLE Analysis; Figure 4: Key Drivers and Restraints of Saudi Real Estate; Figure 5: KSA Building Contractor Awards; Figure 6: Market Share of Real Estate Players; Figure 7: Major Real Estate Developers in Saudi Arabia; Figure 8: Major Real Estate Consultants in Saudi Arabia; Figure 9: Major Real Estate Contractors in Saudi Arabia; Figure 10: KSA Housing Stocks 2008; Figure 11: KSA Population; Figure 12: KSA Housing Demand; Figure 13: GCC Rentals (Residential segment)
List of Tables: Table 1: Economic Cities in KSA; Table 2: Major Real Estate Projects in Saudi Arabia; Table 3: KSA National Development Plans; Table 4: KSA Housing/Residential Projects; Table 5: Major Shopping Centers Planned in KSA; Table 6: Major Commercial Projects in KSA; Table 7: KSA Industrial Cities Planned; Table 8: Hotel Projects in KSA; Table 9: Tourism & Recreational Projects in KSA; Table 10: Infrastructure Projects in KSA

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Saudi Arabia Building Construction Industry Overview

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