Market Info


Construction Facts & Figures

 

 

Saudi Arabia needs more than 2 million housing units.

 

Hundreds of projects are creating unprecedented demand for the latest construction industry machinery, technology and tools, from the world's leading companies.

 

Construction activities of the industrial and urban development sectors rose substantially.

 

Major construction projects in the petrochemical, petroleum, power, water and telecommunication sector, investment in these projects are estimated to be 30 billion US dollars.

 

New projects include multiple theme parks and hotels in addition to 70 new hospitals and 570 healthcare centers within the coming three years.

 

During the current seven-year old development plan,12 new desalination plants will be built, providing an additional 2.5 million cubic meters of water and 22 on going dam projects will be completed along with the start of 62 large, medium, and small dams.

 

The private sector will play a crucial role in the development of these projects.
 

 

 

The New Economic Cities in Saudi Arabia
 

King Abdullah Economic City (KAEC)
Area:168 million sqm.
Investment Size:US$ 27 billion
www.kingabdullahcity.com

King Abdullah Financial District
Area: 1.6 million sqm.
Investment Size: US$ 7.8 billion
www.kingabdullahfinancialdistrict.com

Jazan Economic City (JEC)
Area: 100 million sqm.
Investment Size:US$ 27 billion
www.jazancity.com

Prince AbdulAziz Bin Mousaed Economic City (PABMEC)
Area: 156 million sqm.
Investment Size: US$ 8 billion
 

Knowledge Economic City (KEC)
Area: 4.8 million sqm.
Investment Size: US$ 7 billion
www.madinahkec.com

King Abdullah University for Science & Technology
Area: 36 million sqm.
Investment Size: US$ 11 billion
www.kaust.edu.sa
 


 

 

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