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Saudi Arabia Projects, H1 2022 - Outlook of Major Projects in Saudi Arabia - MEED Insights

Publisher GlobalData
Published Mar 01, 2022
Length 100 Pages
SKU # GBDT17266417

Description

Saudi Arabia Projects, H1 2022 - Outlook of Major Projects in Saudi Arabia - MEED Insights

Summary

Private Sector participation (PSP) Law and Public-private partnership (PPP)

Saudi Arabia’s privatisation drive is poised to advance further in 2022, driven by legislative support from Riyadh and its appetite to work more closely with the private sector.

The kingdom’s push for PPPs in recent years forms part of its wider strategy to modernise state-owned assets and attract international investors in order to de-risk government spending. Riyadh expects its long-term growth ambitions will attract investors towards its PPP schemes, and has implemented legislative improvements in the past two years to help overcome the structural hurdles to privatisation in the kingdom.

In early January 2022, the National Centre for Privatisation & PPP (NCP) approved the implementing regulations of the new PSP law , which was approved in March 2021.

Economic outlook

The Saudi economy has shown signs of improvement in 2021. It recorded a quarterly budget surplus during the third quarter of the year - its first since the first quarter of 2019. Overall, real GDP growth is estimated to have grown by 2.8 per cent in 2021 and is forecast to grow by 4.8 per cent in 2022 driven by oil sector recovery and improvement in non-oil activities.

Project contract awards and Outlook

Written by MEED, the Middle East market experts within the GlobalData Group, Saudi Arabia Projects H1 2022. Saudi Arabia was the GCC projects market worst hit by the pandemic; contract spending fell by more than 55 per cent from a high of nearly $51bn in 2019 to just $22.1bn in 2020. Though Covid-19 was the chief reason for this decline, but the fall in oil prices also had a significant impact on government spending. However, contract awards growth of more than 80 per cent in 2021 did infuse some confidence amongst investors. With over $1.05 trillion worth of projects in pipeline, Saudi Arabia remains the largest single projects market in the region and offers many opportunities for investors across sectors.

Reasons to Buy
  • Opportunities and challenges in the kingdom’s projects market
  • Analysis of the pipeline of planned projects and contract awards 2021-2023
  • Key policies and drivers shaping the outlook for projects in Saudi Arabia
  • Political and economic background
  • The barriers and challenges that may arise
  • Sector-by-sector breakdown of future project plans
  • Key drivers of projects in each sector
  • Saudi Arabia’s most valuable key projects and major project sponsors

Table of Contents

100 Pages
  • EXECUTIVE SUMMARY
    • Saudi Arabia
    • Economy
    • Economic Outlook
    • Budgets
    • Projects Market Overview
    • Projects Market Size
    • Saudi Arabia Projects Market by Project Status
    • Projects Market By Sector
    • Saudi Arabia Project Contract Awards By Year, 2012-21 ($m)
    • Saudi Arabia Contract Awards by Sector, 2012-21 ($m)
    • Saudi Arabia project contract awards, July-December 2012-2021
    • Saudi Arabia Project Contract Awards By Number, 2012-21 ($m)
    • Biggest Clients
    • Biggest Contractors
    • Top Projects
    • Future Pipeline
    • Future Pipeline by Sector
    • Top Future Projects
    • Biggest Future Clients
    • COVID-19 - IMPACT ON FORECAST
    • Oil and Gas Sector Overview
    • Oil and Gas Sector Contract Awards by Year, 2012-21 ($m)
    • Oil and Gas Sector Projects by Status
    • Oil and Gas Projects Market by Subsector
    • Oil and Gas Sector Contract Awards by Subsector, 2012-21 ($m)
    • Oil and Gas Sector Biggest Clients
    • Oil and Gas Sector Biggest Contractors
    • Top Oil and Gas Sector Projects
    • Un-awarded Oil and Gas Sector Contracts by Status
    • Un-Awarded Oil and Gas Sector Projects by Subsector
    • Top Oil and Gas Sector Future Projects
    • Biggest Oil and Gas Sector Future Clients
    • Construction Sector Overview
    • Construction Sector Contract Awards by Year, 2012-21 ($m)
    • Construction Sector Projects by Status
    • Construction Projects Market by Subsector
    • Construction Sector Contract Awards by Subsector, 2012-21 ($m)
    • Construction Sector Biggest Clients
    • Construction Sector Biggest Contractors
    • Top Construction Sector Projects
    • Un-awarded Construction Sector Contracts by Status
    • Un-Awarded Construction Sector Projects by Subsector
    • Top Construction Sector Future Projects
    • Biggest Construction Sector Future Clients
    • Transport Sector Overview
    • Transport Sector Contract Awards by Year, 2012-21 ($m)
    • Transport Sector Projects by Status
    • Transport Projects Market by Subsector
    • Transport Sector Contract Awards by Subsector, 2012-21 ($m)
    • Transport Sector Biggest Clients
    • Transport Sector Biggest Contractors
    • Top Transport Sector Projects
    • Un-awarded Transport Sector Contracts by Status
    • Un-Awarded Transport Sector Projects by Subsector
    • Top Transport Sector Future Projects
    • Biggest Transport Sector Future Clients
    • Industrial Sector Overview
    • Industrial Sector Contract Awards by Year, 2012-21 ($m)
    • Industrial Sector Projects by Status
    • Industrial Projects Market by Subsector
    • Industrial Sector Contract Awards by Subsector, 2012-21 ($m)
    • Industrial Sector Biggest Clients
    • Industrial Sector Biggest Contractors
    • Top Industrial Sector Projects
    • Un-awarded Industrial Sector Contracts by Status
    • Un-awarded Industrial Sector Contracts by Subsector
    • Top Industrial Sector Future Projects
    • Biggest Industrial Sector Future Clients
    • Power and Water Sector Overview
    • Power and Water Sector Contract Awards by Year, 2012-21 ($m)
    • Power and Water Sector Projects by Status
    • Power and Water Projects Market by Subsector
    • Power and Water Sector Contract Awards by Subsector, 2012-21 ($m)
    • Power and Water Sector Biggest Clients
    • Power and Water Sector Biggest Contractors
    • Top Power and Water Sector Projects
    • Un-awarded Power and Water Sector Contracts by Status
    • Un-Awarded Power and Water Sector Projects by Subsector
    • Top Power and Water Sector Future Projects
    • Biggest Power and Water Sector Future Clients

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