Saudi Arabia Building Tenders

The Saudi Arabian construction industry is one of the largest in the Middle East and North Africa (MENA) region, with a market size of $133.1 billion in 2022. The market is projected to achieve an AAGR of more than 4% during 2024-2027. The residential construction sector is the largest segment of the market, followed by infrastructure and non-residential construction. The growth of the construction industry in Saudi Arabia is being driven by several factors, including government investment in infrastructure projects, the increasing demand for housing, and the growing tourism sector.

Saudi Arabia Building Government Procurement
The Saudi Arabian government is a major procurer of construction goods and services. In 2022, the government awarded over SAR 500 billion worth of construction contracts. The most common types of construction projects procured by the government are infrastructure projects, such as roads, bridges, and railways, as well as public buildings, such as schools and hospitals. The government is also investing heavily in the development of smart cities, which is expected to create further demand for construction services.

Saudi Arabian government has been on a building spree, using tenders to procure a range of impressive structures. From the gleaming white King Abdullah Financial District in Riyadh, a futuristic metropolis of skyscrapers and office towers, to the sprawling Jeddah Corniche extension, a 21-kilometer waterfront promenade lined with luxury hotels and resorts, these projects are transforming the country's landscape.

The top authorities for Saudi Arabia building procurement are:
The Ministry of Housing and Municipal Affairs
The Ministry of Finance
The Royal Commission for Jubail and Yanbu
The Saudi Arabian Standards Organization (SASO)

The top winners of Saudi Arabia building procurement are:
Saudi Binladin Group
Oger
Al-Khodari Group
Nesma Trading & Contracting Company
Arab Contracting Company (ACC).

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