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Infrastructure Insight: Saudi Arabia

Infrastructure Insight: Saudi Arabia

Synopsis

The report provides a detailed analysis of the infrastructure sector in Saudi Arabia, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors and the major projects in the construction pipeline.

The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports.

Summary

With a young and growing population, together with rapid growth in urbanization and industrialization, Saudi Arabia is expected to maintain its position as the Middle East’s largest construction market.

Demand is on the rise for industrial properties, including industrial cities and logistic facilities, and transportation and utilities projects are also being planned.

Having declined by 2.5% in 2016 amid the impact of lower oil production, weaker economic growth, and fiscal consolidation measures, the infrastructure sector is expected to rebound in 2017 due to higher infrastructure spending and a resumption of government payments to contractors.

According to Timetric’s Infrastructure Intelligence Center (IIC), the infrastructure construction market’s value is projected to reach SAR124 billion (US$33.1 billion) in 2017 and SAR140.8 billion (US$37.5 billion) by 2021 (in nominal value terms). This is based on the assumption that a number of large-scale projects will proceed as planned, including a number of transport projects such as the Riyadh Metro, the Makkah Metro and the King Abdulaziz International Airport Expansion.

Scope

A concise analysis of the administrative, economic and political context for infrastructure in Saudi Arabia.

An in-depth assessment of the current state of infrastructure in Saudi Arabia, including roads, railways, electricity and power, water and sewerage, communications, airports and ports.

Five-year forecasts of construction output for each sector, and an analysis of the project pipelines, with details on all major projects, their funding mechanisms and leading contractors.

A focus on main political and financial institutions involved in the infrastructure market, as well as the competitive and regulatory environment.Reasons To Buy

  • Assess the current state of Saudi Arabia infrastructure, and the main drivers of investment, including the key institutions and financing methods.
  • Investigate forecasts and gain an understanding of key trends in each of the main infrastructure sectors.
  • Analyze the main project participants operating in each sector, to better understand the competitive environment.
  • Identify top projects by sector, development stage and start date, to inform expansion strategy.
Key Highlights

Timetric is currently tracking 111 strategic infrastructure construction projects in Saudi Arabia, at all stages of development from announcement to execution. These projects have a total investment value of US$446.7 billion.

Electricity and power projects account for the largest share of the infrastructure projects in the pipeline, with a total value of US$274.8 billion. This is followed by railway projects with a pipeline value of US$90.9 billion, airports and other infrastructure with US$72.1 billion, water and sewerage with US$4.5 billion and road projects with a total pipeline value ofU$4.4 billion.

In April 2016, the Saudi government launched Saudi Vision 2030, a strategy that includes various economic and social policies, objectives, and commitments aimed at ensuring the continuous development of the country, while reducing Saudi Arabia’s reliance on oil revenues and government spending. Under the ambitious reform agenda, the government seeks to drive the non-oil economy and stimulate private investment in state activities. A few months after announcing the vision, the government published the National Transformation Program 2020 (NTP 2020), setting out a number of targets under which it expects to achieve its medium-term goals of Saudi Vision 2030.


  • Executive Summary
    • Table Infrastructure Construction in Saudi Arabia
  • Context
    • Administrative Divisions
    • Political Scene
    • Public Finances and Credit Ratings
    • Demographics
    • Economic Performance
    • Construction Output
      • Table Key Economic Indicators
  • The State of Infrastructure
    • Roads
    • Railways
    • Electricity and Power
    • Water and Sewerage
    • Communication
    • Airports and Other Infrastructure
      • Table Key Comparative Indicators
  • The Competitive and Regulatory Landscape
    • Roads
    • Railways
    • Electricity and Power
    • Water and Sewerage
    • Communications
    • Airports and Other Infrastructure
  • Institutions and Financing
  • Infrastructure Construction
    • All Infrastructure
      • Construction outlook
        • Table Top 10 Infrastructure Construction Projects by Value
      • Project pipeline analysis
        • Table All Infrastructure Projects Pipeline, by Stage and Funding (US$ million)
    • Roads
      • Construction outlook
      • Key participants - contractors
      • Key participants - consultants
        • Table Top 10 Road Construction Projects by Value
      • Project pipeline analysis
        • Table Railways Construction Projects, by Stage and Funding (US$ million)
    • Railways
      • Construction outlook
      • Key participants - contractors
      • Key participants - consultants
        • Table Top 10 Rail Construction Projects by Value
      • Project pipeline analysis
        • Table Railways Construction Projects, by Stage and Funding (US$ million)
    • Electricity and Power
      • Construction outlook
      • Key participants - contractors
      • Key participants - consultants
        • Table Top 10 Electricity and Power Construction Projects by Value
      • Project pipeline analysis
        • Table Electricity and Power Construction Projects, by Stage and Funding (US$ million)
    • Water and Sewerage
      • Construction outlook
      • Key participants - contractors
      • Key participants - consultants
        • Table Top 10 Water and Sewerage Construction Projects by Value
      • Project pipeline analysis
        • Table Water and Sewerage Construction Projects, by Stage and Funding (US$ million)
    • Communications Infrastructure
      • Construction outlook
    • Airports and Other Infrastructure
      • Construction outlook
      • Key participants - contractors
      • Key participants - consultants
        • Table Top 10 Airports and Other Infrastructure Construction Projects by Value
      • Project pipeline analysis
        • Table Airports and Other Infrastructure Construction Projects, by Stage and Funding (US$ million)
  • Appendix
    • Definitions
      • Table Construction Market Definitions
      • Table Construction Stage Definitions
    • Methodology
    • Further Information
    • Disclaimer

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