Despite low oil prices, industry leaders forecast that the Saudi construction market looks positive in 2016 with sustained strong growth expected for the infrastructure sector.
The sector maintains its position as the Middle East’s largest construction market, and is set to grow 7.8% by 2019.
Massive transportation projects, with an investment exceeding $29.8bn billion in airport infrastructure by 2020, and the construction of six smart cities by 2025 at a cost of $109bn are said to be sufficient enough to ensure the continuous growth of the Saudi construction industry.
Riyadh Exhibitions will be organising Saudi Build later this year to focus on these trends.
Saudi Build set to take place at Riyadh International Convention & Exhibition Centre (RICEC) in Riyadh, Saudi Arabia from 17 to 20 October 2016.