Blueweave
Saudi Arabia Transportation Infrastructure Construction Market

Saudi Arabia Transportation Infrastructure Construction Market

Saudi Arabia Transportation Infrastructure Construction Market, By Type (Railway, Airport, Roads and Bridges, Ports); By Application (Urban, Rural); By Construction Type (New Construction, Renovation), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: August 2024
  • Report ID: BWC24621
  • Available Format: PDF
  • Page: 200

Report Overview

Urbanization and population growth and government initiatives and policies are expected to boost the growth of Saudi Arabia Transportation Infrastructure Construction Market during the forecast period between 2024 and 2030.

Saudi Arabia Transportation Infrastructure Construction Market - Industry Trends & Forecast Report, 2030

Saudi Arabia Transportation Infrastructure Construction Market size was estimated to be worth USD 9.67 billion in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Transportation Infrastructure Construction Market size is projected to grow at a CAGR of 2.90%, reaching a value of USD 11.72 billion by 2030. Major growth factors for Saudi Arabia Transportation Infrastructure Construction Market include rising investment in infrastructure development under Vision 2030 and the rising need for robust transportation infrastructure for economic growth. In addition, favorable government policies and funds are directed toward maintaining existing infrastructure, including roads, railways, airports, and ports.

Saudi Arabia Transportation Infrastructure Construction Market

Transportation Infrastructure Construction – Overview

Transport infrastructure is made up of permanent facilities, buildings, and networks that support the flow of people and products. Roads, bridges, tunnels, trains, and trams are the five main categories under which urban transportation infrastructure falls. It makes international trade in products and services easier. The main objective of building transportation infrastructure is to provide a secure, dependable, and interconnected system of routes that support economic development, increase accessibility, lessen traffic, and improve communities' general quality of life.

Saudi Arabia Transportation Infrastructure Construction Market

Growth Drivers

Favorable Government Investments and Projects

Infrastructure development has received significant funding from the Saudi government, and key transportation projects are financed in large part through the Public Investment Fund (PIF). For Instance, the construction of Riyadh Air was announced in 2023 to establish Riyadh as the regional aviation hub to be at par with centers like Dubai and Doha. Another significant development in the nation's growing tourist infrastructure was the opening of the Red Sea Project's new airport in September 2023. Ultimately, the goal established by Saudi Arabia is for its airports to accommodate 330 million people by 2030, an increase from around 100 million in 2019.

Challenges

Delays or Cancellation of Infrastructure Construction Projects

Lockdowns, travel restrictions, and health concerns led to labor shortages, which severely impacted the construction workforce and delayed project timelines. The pandemic caused significant disruptions in global supply chains, which in turn caused shortages of equipment and construction materials in the Saudi Arabian construction sector, resulting in delays and, in some cases, cancellations of infrastructure projects.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Transportation Infrastructure Construction Market

The escalating geopolitical tensions negatively impacted the growth of Saudi Arabia transportation infrastructure construction market. The construction industry is one of the most deeply impacted sectors by the ongoing geopolitical conflicts. These conflicts affect the sector in different ways, including supply chain disruptions, labor shortages, security, and trade. The disruption in the supply chain leads to a material shortage in the industry and eventually increases material prices. This may often lead to delays in infrastructure construction projects, restricting overall market growth.

Saudi Arabia Transportation Infrastructure Construction Market

Segmental Coverage

Saudi Arabia Transportation Infrastructure Construction Market – By Type

By type, Saudi Arabia Transportation Infrastructure Construction Market is segmented into railways, airports, roads and bridges, and ports. The roads and bridges segment holds the largest share of the Saudi Arabia transportation infrastructure construction market. Growing awareness of the critical role roads and bridges play in connectivity and economic growth has accelerated the building of these infrastructure projects. Infrastructure development is a top priority for the Saudi government to handle urbanization, population expansion, and improve transportation systems.

Saudi Arabia Transportation Infrastructure Construction Market – By Application

Based on application, Saudi Arabia Transportation Infrastructure Construction Market is segmented into urban and rural. The urban segment accounts for the highest market share. The rising population and increasing migration rate in urban centers in Saudi Arabia fuel the need for efficient transportation infrastructure in urban cities. Furthermore, the high concentration of commercial and industrial facilities in urban cities drives the need for the development of transportation infrastructure to facilitate the smooth flow of major economic activities.

Saudi Arabia Transportation Infrastructure Construction Market Size

Saudi Arabia Transportation Infrastructure Construction Market – By Construction Type

On the basis of construction type, Saudi Arabia Transportation Infrastructure Construction Market is segmented into new construction and renovation. The new construction segment dominates Saudi Arabia transportation infrastructure construction market. Saudi Arabia is emerging as the biggest construction market globally, with various construction projects for economic diversification and growth. These projects include giga-project tourism destinations and cities with robust transport networks. The Kingdom is significantly investing in the construction of roads, railways, ports, and particularly airports to establish itself as the regional aviation hub, which is anticipated to drive the Saudi Arabia transportation infrastructure construction market growth during the forecast period.

Competitive Landscape

Saudi Arabia Transportation Infrastructure Construction market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Saudi Binladin Group, Mohammad Al Mojil Group, Nesma & Partners Contracting Co. Ltd, Al Rashid Trading & Contracting Company (RTCC), El-Seif Engineering Contracting Company, Al Harbi Trading & Contracting Co. Ltd, China Communications Construction Company, and China Railway Construction Corporation.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In February 2024 – Mace, a construction firm based in the United Kingdom, obtained a contract for the construction of King Salman International Airport in Riyadh, which is deemed the largest airport in the world.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period– 2024–2030

Facts Covered

Revenue in USD Billion

Product/ Service Segmentation

Type, Application, Construction Type

Key Players

Saudi Binladin Group, Mohammed Al Mojil Group, Nesma & Partners Contracting Co. Ltd, Al Rashid Trading & Contracting Company (RTCC), El-Seif Engineering Contracting Company, Al Harbi Trading & Contracting Co. Ltd, China Communications Construction Company, China Railway Construction Corporation

 

By Type

  • Railway

  • Airport

  • Roads and Bridges

  • Ports

By Application

  • Urban

  • Rural

By Construction Type

  • New Construction

  • Renovation

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Transportation Infrastructure Construction Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Urbanization and Population Growth
        2. Government Initiatives and Policies
        3. Economic Growth and Trade
        4. Aging Infrastructure
      2. Restraints
        1. Funding Constraints
        2. Economic Downturns
      3.  Opportunities
        1. Rising Environmental Concerns
        2. Advancement in Technology
      4. Challenges
        1. Environmental Concerns and Regulations
        2. Skill Shortages
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Transportation Infrastructure Construction Market Marketing Strategies
  5. Saudi Arabia Transportation Infrastructure Construction Market: Pricing Analysis
  6. Saudi Arabia Transportation Infrastructure Construction Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Railway
        2. Airport
        3. Roads & Bridges
        4. Ports
      2. By Application
        1. Urban
        2. Rural
      3. By Construction Type
        1. New Construction
        2. Renovation
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Transportation Infrastructure Construction Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships,)
  8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Transportation Infrastructure Construction Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Saudi Binladin Group
    2. Mohammed Al Mojil Group
    3. Nesma & Partners Contracting Co. Ltd
    4. Al Rashid Trading & Contracting Company (RTCC)
    5. El-Seif Engineering Contracting Company
    6. Al Harbi Trading & Contracting Co. Ltd
    7. China Communications Construction Company
    8. China Railway Construction Corporation
    9. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Country
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Saudi Arabia Transportation Infrastructure Construction  Segmentation         

Figure 2       Saudi Arabia Transportation Infrastructure Construction  Market Value Chain Analysis               

Figure 3       Company Market Share Analysis, 2023         

Figure 4       Saudi Arabia Transportation Infrastructure Construction Market Size, By Value (USD Billion), 2019–2030         

Figure 5       Saudi Arabia Transportation Infrastructure Construction Market Share, By Type, By Value, 2019–2030               

Figure 6       Saudi Arabia Transportation Infrastructure Construction Market Share, By Application, By Value, 2019–2030                

Figure 7       Saudi Arabia Transportation Infrastructure Construction Market Share, By Construction Type, By Value, 2019–2030               

 

List of Tables

 

Table 1        Saudi Arabia Transportation Infrastructure Construction Market Size, By Value (USD Billion), 2019–2030

Table 2        Saudi Arabia Transportation Infrastructure Construction Market Size, By Type, By Value, 2019–2030

Table 3        Saudi Arabia Transportation Infrastructure Construction Market Size, By Application, By Value, 2019–2030      

Table 4        Saudi Arabia Transportation Infrastructure Construction Market Size, By Construction Type, By Value, 2019–2030

Table 5        Saudi Binladin Group Company Overview

Table 6        Saudi Binladin Group Financial Overview

Table 7        Mohammed Al Mojil Group Company Overview

Table 8        Mohammed Al Mojil Group Financial Overview

Table 9        Nesma & Partners Contracting Co. Ltd Company Overview

Table 10      Nesma & Partners Contracting Co. Ltd Financial Overview

Table 11      Al Rashid Trading & Contracting Company (RTCC) Company Overview

Table 12      Al Rashid Trading & Contracting Company (RTCC) Financial Overview

Table 13      El-Seif Engineering Contracting Company - Company Overview

Table 14      El-Seif Engineering Contracting Company Financial Overview

Table 15      Al Harbi Trading & Contracting Co. Ltd  Company Overview

Table 16      Al Harbi Trading & Contracting Co. Ltd  Financial Overview

Table 17      China Communications Construction Company - Company Overview

Table 18      China Communications Construction Company Financial Overview

Table 19      China Railway Construction Corporation Company Overview

Table 20      China Railway Construction Corporation Financial Overview

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Note: Please share the corporate email address for faster response

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Transportation Infrastructure Construction Market size was estimated at USD 9.67 billion in 2023.
Ans: During the forecast period between 2024 and 2030, Saudi Arabia Transportation Infrastructure Construction market size is expected to grow at a CAGR of 2.90% to reach a value of USD 11.72 billion by 2030.
Ans: Major factors driving the growth of Saudi Arabia Transportation Infrastructure Construction Market include urbanization and population growth and government initiatives and policies.
Ans: Key players in Saudi Arabia Transportation Infrastructure Construction Market include Saudi Binladin Group, Mohammed Al Mojil Group, Nesma & Partners Contracting Co. Ltd, Al Rashid Trading & Contracting Company (RTCC), El-Seif Engineering Contracting Company, Al Harbi Trading & Contracting Co. Ltd, China Communications Construction Company, and China Railway Construction Corporation.
Ans: The urban segment holds the highest market share in Saudi Arabia Transportation Infrastructure Construction Market by application.
array(1) {
  ["__ci_last_regenerate"]=>
  int(1734886082)
}