Is Saudi Arabia set to become world’s largest market for construction?

Andy Brown Head of Content, Construction and Engagement

26 June 2024

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.

In its Construction Landscape Review H1 2024 report, 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…

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