Investments in Saudi Arabian Construction Industry Support Economic Development Target of Budget 2016 : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In the wake of low oil prices, Saudi Arabian Government is focusing on the development of a robust construction industry to reach the projected economic growth figures. Increased spending in infrastructural projects in areas such as transport, healthcare, housing, energy, manufacturing units and education will help the government overcome the budget deficit and meet the expected investment targets of USD 224.0 billion, as defined in the 2016 budget. Ken Research announced its latest publication on, “Construction in Saudi Arabia – Key Trends and Opportunities to 2020”, provides a comprehensive analysis of the construction industry in Saudi Arabia. The publication cover construction output and value-add methods to arrive at historical (2011-2015) and forecast (2016-2020) valuations of the industry. It also offers a detailed segmentation of projects by sector, including a further breakdown of each project’s value by type of activities and costs involved. Additionally, it describes the opportunities and risks associated with different projects and also offers critical insight on the impact of current trends on industry participants. Since oil prices continue to fall, the Saudi Arabian government is exploring new means of increasing revenues while cutting down on public expenditure. The global stagnation of oil prices has forced the government to reduce its budget spending in 2016. In order to compensate, the Government plans to cut subsidies and increase taxes and domestic fuel prices. This will ensure that the budget deficit is levelled without affecting the key economic development projects. These projects primarily belong to the construction industry. Firstly, Saudi Arabia is making hefty investments in constructing a large number of housing units to combat the acute housing shortage in the country. According to the Saudi Arabian housing ministry, an estimated 3.0 million houses have to be built by 2025 to address this shortage. Another area that the government is actively investing in is airport infrastructure. In a bid to capitalize on the growing number of pilgrims visiting the country every year, The General Authority of Civil Aviation (GACA) in Saudi Arabia is focusing on both new airport development projects as well as enhancement of existing airport facilities. The government’s move to privatize airports by 2020 is another factor driving growth in Saudi Arabia’s aviation industry. Additionally, the government is working with the Arriyadh Development Authority (ADA) to improve rail and road infrastructure in Riyadh, the country’s capital, and thus fulfill the needs of the expanding urban population. For instance, the ambitious Riyadh Metro Line project is slated to be completed by 2018. The Global Construction Industry The global construction industry is witnessing significant shifts in both the manner in which business is conducted, as well as in the volume of investments being made. With the emergence of multiple centers of economic power across the globe, construction projects are being given priority, and are rapidly driving infrastructure-led growth. Traditional business models within the construction industry are being challenged, and companies are fast embracing automated and innovative solutions. Some primary factors governing the key issues and trends of the global construction industry include: Increasing globalization led by advancement in technology Emergence of new non-traditional business models which encourage greater participation Key Topics Covered in the Report: Sector wise construction industry outlook including commercial construction, industrial construction, infrastructure construction, institutional construction, energy and utilities construction and residential construction Market data analysis based on type of project, cost and activity Detailed profiles of five major construction companies in Saudi Arabia To know more on coverage, click on the link below: https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-saudi-arabia/8424-97.html Related Reports: https://www.kenresearch.com/manufacturing-and-construction/infrastructure/worldwide-construction-industry-research-report/115-97.html https://www.kenresearch.com/manufacturing-and-construction/infrastructure/construction-belarus-key-trends-opportunities-2020/11426-97.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Commercial Construction market Saudi Arabia, Education and infrastructure construction Saudi Arabia, Energy and Utilities Construction Saudi Arabia, Infrastructure Construction Sector Opportunities Saudi Arabia, Institutional Construction demand Saudi Arabia, Opportunities Industrial Construction Saudi Arabia, Residential Construction market Size Saudi Arabia, Risks and opportunities in Construction Saudi Arabia, Saudi Arabian Construction Industry