Farrah Yassin’s Post

As we approach 2025, Saudi Arabia’s construction sector is poised for significant growth, with several transformative projects set to commence or reach critical milestones.#Vision2030 #SustainableDevelopment #UrbanMobility #Insuranc https://lnkd.in/dkA3cywh

The Top 10 Construction Firms Driving Growth in Saudi Arabia The construction sector in Saudi Arabia is experiencing rapid growth, driven largely by the Kingdom's Vision 2030 initiative, which aims to diversify the economy and reduce dependency on oil. Here are the top 10 construction firms playing a major role in this transformation: 1. Saudi Binladin Group – Established in 1931, this company has led some of Saudi Arabia’s most iconic projects, such as the Grand Mosque expansion in Mecca and King Abdulaziz International Airport(DTC - درر تمام | Contracting Company)(ControlTap). 2. El-Seif Engineering Contracting Company – Known for its work on high-rise buildings, including the Jeddah Tower, which aims to be the world's tallest structure(DTC - درر تمام | Contracting Company). 3. Al-Rashid Trading & Contracting Co. (RTCC) – Involved in significant infrastructure projects such as the Riyadh Metro, RTCC has been instrumental in developing the Kingdom's transportation network( ControlTap). 4. Nesma & Partners Contracting Co. Ltd. – This firm has a diverse portfolio, contributing to major projects like the King Saud University and the Riyadh Metro(DTC - درر تمام | Contracting Company). 5. Almabani General Contractors – Established in 1972, this firm has contributed to the development of King Abdullah Economic City and other key projects(ControlTap). 6. Controltap General Contracting – Specializing in MEP services, this company has been integral to numerous residential and commercial developments(DTC - درر تمام | Contracting Company)(ControlTap). 7. Al Harbi Trading & Contracting Co. Ltd. – Known for its involvement in large government and religious projects, including the Medina Holy Mosque expansion(ControlTap). 8. Alfanar Construction – With expertise in construction and manufacturing, Alfanar has played a significant role in developing industrial and power infrastructure(ControlTap). 9. Golden Obelisk Contracting Co. – Renowned for luxury residential and commercial projects, Golden Obelisk is known for its high-quality standards and timely delivery(ControlTap). 10. Bechtel – A major international player, Bechtel has been involved in key Saudi projects such as the Riyadh Metro and various infrastructure developments(Mordor Intel). These companies are shaping Saudi Arabia's future by contributing to megaprojects across sectors like transportation, residential development, and energy infrastructure, all aligned with Vision 2030. #KhalidAlbeshri #Holdingcompany #CEO #realestatedevelopment #middleeast #gulfcountries #groups #businessonline #contentmarketing #businessconsultants #businessstartup #marketingtips #خالدالبشري

The Middle East's project pipeline is currently worth a staggering $3.9 trillion, according to research conducted by Build Well. Saudi Arabia and the UAE are the largest construction markets in our region at present, followed by Oman, Qatar and Egypt. MEED | Middle East Economic Digest estimates that the project pipeline in the GCC alone is worth over $2.7 trillion. There are so many amazing developments underway in our region, and it's great to see that KSA and the Emirates are leading this boom. #construction #MiddleEast #realestate https://lnkd.in/dmDZEcPv

Saudi Arabia and the UAE are the largest construction markets in the region at present, followed by Oman, Qatar and Egypt 🙌🏽

🚧 Dubai’s $22bn Strategic Sewerage Tunnels Project 🌍Exciting developments in Dubai! 🌟 Over a dozen global and local companies have submitted their qualifications to invest in the $22bn Dubai Strategic Sewerage Tunnels (DSST) project. This ambitious initiative, led by Dubai Municipality, aims to enhance the city’s infrastructure through a series of public-private partnership (PPP) packages.Key Highlights:🌐 Global Interest: Companies from the UK, India, Saudi Arabia, Belgium, China, Japan, Australia, South Korea,and Italy are keen to participate. 🛠️ Project Scope: The DSST project includes six packages, featuring: 🚇 Extensive Tunnel Networks: Spanning approximately 100 kilometers, designed to handle large volumes of wastewater, ensuring efficient and sustainable sewage management. 💧 Terminal Pump Stations: Equipped with advanced technology to boost the flow of sewage to treatment plants. 🌱 Innovative Design: Incorporating cutting-edge engineering solutions to minimize environmental impact and enhance operational efficiency. 🏗️ Contractors: Leading global contractors such as Bechtel Corporation , VINCI Construction , Samsung C&T, Engineering & Construction, and Larsen & Toubro (L&T) are among those expressing interest. 💼 Investment Opportunities: The first two packages are set to be tendered in Q4 2024, with concession periods ranging from 25 to 35 years. These packages will cover the construction, operation, and maintenance of the tunnels and pump stations.#Infrastructure #Dubai #PPP #Engineering #Investment #Construction #Sustainability #Innovation #SmartCities #FutureOfCities #GlobalProjects #CivilEngineering #UrbanDevelopment For more details, refer https://lnkd.in/gRBmg6c9

Oman’s construction & infrastructure market is expected to be active in the coming years and currently has $327.63 billion worth of projects, according to ProTenders analysis. The construction industry accounts for a 9% share of Oman’s GDP and is the country’s largest employer.

Saudi Arabia has achieved the highest Construction Activity Index reading globally at +64, according to the Royal Institution of Chartered Surveyors’ Global Construction Monitor. This impressive milestone underscores the Kingdom’s dominance and the remarkable growth in its construction sector. Driven by an extensive pipeline of projects totaling $1.5 trillion, Saudi Arabia continues to be a powerhouse in the Middle East and Africa region, contributing 39% to the $3.9 trillion construction market. The sector spans residential, commercial, industrial, infrastructure, transportation, and energy construction, presenting vast opportunities for contractors. Key highlights: 🔹Top Global Performance: Saudi Arabia leads with a +64 CAI. 🔹Significant Projects: $1.5 trillion pipeline, 39% of the MENA construction market. 🔹Regional Growth: Positive trends in the UAE (+54 CAI) and Mauritius (+57 CAI). 🔹Sector Optimism: Increasing workload and profit margin expectations, with a 32% projected increase in the private residential sector. Despite challenges such as skills shortages and financial pressures, the Saudi construction market’s robust performance and continuous growth signify its pivotal role in shaping the future of the global construction industry. #Construction #SaudiArabia #Infrastructure #GlobalGrowth #MENAConstruction

The GCC construction industry is currently experiencing a "Golden Era" marked by significant growth and development. The surge in construction projects has led to the creation of mega-cities, iconic landmarks, and state-of-the-art infrastructure, positioning the region as a global hub. Key factors contributing to this growth include heavy investments in diversifying economies, ambitious development plans by GCC governments, and advancements in technology and innovation. These developments not only drive economic growth but also enhance the region's sustainability goals. Despite these advancements, the industry faces challenges such as economic fluctuations, geopolitical tensions, and the impact of the COVID-19 pandemic. Adapting to changing circumstances and navigating obstacles will be crucial for sustained growth and success in the GCC construction sector. #ConstructionIndustry #GCC #EconomicGrowth #InfrastructureDevelopment #TechnologicalAdvancements #SustainabilityGoals #Challenges #Adaptation #Success #KSA #India #MEP #Constructions #Civil #Electrical #Engineering #UAE #Bahrain #Linkedin

Saudi gigaprojects create long-term construction market https://lnkd.in/eC274Af9 Panellists at MEED's Mena Construction summit discussed the long-term nature of projects #Construction #MiddleEast #Building #Infrastructure #Engineering #ProjectManagement #ConstructionNews #InnovationInConstruction #SustainableConstruction #MegaProjects

Saudi Arabia's construction industry is flourishing, with construction contracts valued at $142 billion, showcasing the nation's dedication to infrastructure development and economic diversification. This sector has been pivotal in driving economic growth, generating employment, and attracting foreign investment. The government's focus on large-scale projects like transportation infrastructure, residential, commercial buildings, industrial facilities, and energy infrastructure underscores its commitment to progress. With construction contracts projected to reach $181.5 billion by 2028, Saudi Arabia's infrastructure expansion and modernization efforts remain steadfast. This growth trajectory is fueled by existing projects and new initiatives aimed at bolstering the country's economic competitiveness. The construction boom not only boosts the economy but also elevates the nation's overall infrastructure, fostering sustainability and connectivity. The construction surge in Saudi Arabia offers substantial opportunities for both local and international companies in the industry. This not only contributes to economic advancement but also plays a crucial role in enhancing the nation's infrastructure, paving the way for a more sustainable and interconnected future. #Construction #MEP #Linkedin #India #Constructionindustry #GCC