Saudi leading energy sector in the GCC with a massive investment in sustainable energy worth more than $160 billion. The UAE is second with $50 billion.
Saudi leading energy sector with $160 billion in projects
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Driving the Kingdom’s construction industry forward
The 11th edition of The Big 5 Saudi will take place at the Riyadh Front Exhibition and Conference Center from 18-21 February 2023. This largest construction event in Saudi Arabia will bring together 28,000+ attendees and over 750 local and international exhibitors from 40 countries.
Industrial and mining growth in the Middle East
The Middle East has $33 billion in active industrial and mining projects. Saudi Arabia leads the Middle East with 54% or $17.5 billion in active industrial and mining projects. Oman is in second place with 36%, or $11.5 billion. The UAE has 7% or $2.4 billion in industrial projects.
Growth in the Middle East Healthcare Construction Sector
The Middle East has more than $18 billion of active hospital projects. More than 70% of these new projects are in Saudi Arabia. The UAE is second with 14% of active hospital projects. Of the $18 billion, more than $12 billion is under construction, with the balance, or $6 billion, in the pre-execution phase.
Saudi Airport Projects biggest in the Middle East
Strategically located, the Middle East connects manufacturing nations with consumer nations. Billions move between these nations through transport hubs in the Middle East.
$150 billion Rail Projects in the Middle East
The Middle East has more than $150 billion of active rail projects. More than a third, or 35%, are in Saudi Arabia. Iraq is in second place with 28% or $43 billion of active rail projects. Oman is in third place with 18% or $27 billion of rail projects.
$592 billion of active transport projects in the Middle East
Saudi Arabia is leading the Middle East with 52% active transport projects. More than half of the $592 billion active transport projects are currently under construction.
UAE leading Middle East with five new Museums
With a total investment estimated at almost $2 billion, the Abu Dhabi has set its sights firmly on becoming the cultural capital in the Middle East.
Top 5 Leisure Developers in the Middle East
The Middle East have more than $41 billion in active leisure development projects. Tourism has become a significant focus for Middle East countries whose economies traditionally relied heavily on hydrocarbon exports as a means of diversification.
$41 billion of active Leisure projects in the Middle East
Saudi Arabia leads the Middle East Leisure development sector with 53% or $22 billion in active leisure developments. The UAE is in second place with $17 billion. In 2023, the leisure sector will create 185,000 jobs for labourers while constructing world-class hotels and theme parks.
Top 10 Real Estate Developments in the Middle East
Saudi Arabia leads the Middle East when it comes to real estate developments slated to break ground in 2023. Six of the top 10 real estate developments are in Saudi Arabia, and four of the top 5 developers. The Middle East has more than 100 developments with a combined value of over $100 billion that will break ground in 2023.
Massive Saudi real estate projects impact supply chain
At the start of 2023, the real estate construction market in Saudi Arabia has grown to an astounding $633 billion of active projects. This total excludes mega projects.
Real Estate construction in the Middle East exceeds $2 Trillion
Saudi Arabia can expect a third of the contract awards in the Middle East’s real estate sector. The Middle East’s real estate sector will account for 53% of all project awards during 2023.
Saudi Aramco announced record results for the first quarter of 2022
Saudi Aramco announced record results for Q1 2022 with a net income increase of 82 per cent, driven by higher volumes and pricing.
Major Oil and Gas Projects in the Middle East
From 2021 through 2025, the Middle East will see 615 oil and gas projects tendered. There are more than $570 billion of active oil and gas projects in the Middle East.
Top 5 Projects in Saudi Arabia
Saudi Arabia is aggressively working to diversify away from its reliance on hydrocarbons. There are more than $1.6 trillion of active projects in the kingdom, many of them megaprojects worth hundreds of billions.
Top 5 Water Projects in Saudi Arabia
Saudi Arabia’s population will increase by 4 million people over the next ten years. The country is investing heavily in critical infrastructures such as water and power. There are more than $5.5 billion of water projects currently under construction.
$2.3 Billion to be spent on Water Projects in Saudi Arabia during 2021
Growing investment in water infrastructure in Saudi Arabia means spending during 2021 will increase to $2.3 Billion.
Saudi Arabia has more than $19 billion of active Water Projects
Saudi Arabia will spend more than $1.8 billion on water projects during 2021. The Kingdom has a pipeline of more than $19 billion of active water projects with $13.5 billion still in the pre-execution phase.
Over $24 Billion of active Water Projects in Saudi Arabia and UAE
Rapid growing populations in a desert region mean water is an extremely scarce commodity. Saudi Arabia and the United Arab Emirates are investing in water processing capacity with more than $24 billion of active water projects.
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