Market insight

Construction Sector Output 2024

Giga-projects and housing supply keep construction among the fastest-growing non-oil GDP components.
  • 2024
  • Sector
  • Saudi Arabia
  • Construction & Infrastructure
  • 1 min read

Construction activity in Saudi Arabia remains a primary engine of non-oil GDP, driven by residential, commercial, and giga-project pipelines (Riyadh, NEOM, Red Sea, Qiddiya). GASTAT construction indicators track permits, cement consumption proxies, and sector gross value added.

EPC contractors and building-materials suppliers entering KSA should align CR and municipality licensing with Saudisation targets for site labour. The Construction & Infrastructure hub on Motaded links macro demand with Motaded Library guides on commercial registration and subcontractor compliance.

Risk note

Project finance and milestone payments vary by employer — validate counterparty CR status and ZATCA VAT registration before mobilising equipment.

Data source

GASTAT

Official indicators and publications

GASTAT

World Development Indicators and official statistical releases.

View source

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