#Construction
7 posts
Giga Projects and Mega Events Opportunities in Spotlight: Saudi Hospitality Bet Draws Global Firms
Saudi Arabia currently holds a hotel development portfolio worth more than $110 billion, showcasing vast hospitality opportunities in Saudi’s giga projects and mega-events. The growth is powered by the country’s giga projects and upcoming global events such as Riyadh EXPO 2030 and the FIFA World Cup 2034. Saudi Arabia already leads the Middle East and Africa in hotel construction, accounting for 35.1% of all new hotel rooms in the region – numbers likely to go way up as anticipation for […]
Saudi Arabia to Become the World’s Largest Construction Sector by 2028: What Does It Mean for International Firms?
Skilled talent, strategic investments, and forward-thinking companies are the cornerstone elements driving growth in any sector. In Saudi Arabia’s construction sector, these essential components are already in full swing, clearly visible by the multitude of cranes dotting the skyline of the Kingdom’s cities. The ongoing boom of the construction space in Saudi Arabia, which created millions of jobs, comes on the back of the Kingdom’s pursuit of large-scale developments such as state-backed mega and giga projects that include Qiddiya, Red […]
Opportunities in the Saudi Construction Industry: Leading the MENA Region with a $1.5 Trillion Pipeline for High-Growth Businesses
Saudi Arabia’s construction sector continues to be at the forefront of national economic growth and diversification efforts. The critical sector represents a major economic force, accounting for up to 7% of its GDP, making it the second-largest non-oil sector and one of its largest employers, offering significant opportunities for high-growth businesses. With several Vision 2030-led development projects in the works, the sector is poised to reach new heights on the back of the record growth observed in the past few […]
Riyadh’s Bold Leap Captures The Expo Spotlight — A 2030 Blueprint, with 2040 Aspirations
In under thirty days, Saudi Arabia has seized global attention with two groundbreaking announcements; the hosting of Riyadh Expo 2030 and the 2034 FIFA World Cup. Riyadh has triumphed over Rome and Busan, garnering a decisive 119 out of 165 members of the Paris-based Bureau International des Expositions (BIE), to host the ‘most connected’ Expo in history, a record since its inception in 1851. As 2023 draws to a close, the Kingdom isn’t just making headlines—it’s dominating them. The Kingdom’s […]
Grankraft’s Pioneering Expansion in Saudi’s Construction Sector
The Saudi construction sector has an estimated value of USD 70 billion with an impressive forecasted CAGR of 4.5% from 2023 to 2028. The Kingdom’s consistent ranking the MENA’s construction, in terms of the value of projects awarded for 4 consecutive years, coupled with positive workforce and workload projections, make it a lucrative arena for construction companies. The anticipation of increased profit margins and an 89% surge in business inquiries underscore the market’s vitality. One of our construction expansion leaders, […]
A Confluence of Goals: The Economic Ripples of Saudi Arabia’s 2034 World Cup
Saudi is hosting the 2034 FIFA World Cup, and the news comes as no surprise – A Saudi World Cup is merely the pinnacle of a Saudi Vision 2030, a natural next chapter in Saudi’s milestones of growth and global integration. Fueled by determination and passion, characteristic of the country and its people, this milestone is expected to be Saudi’s grand canvas unfolding on a global stage. With anticipation brewing, this World Cup will be beyond awaited—it’s destined to be […]
Expansion Champions: Impararia – On aligned visions and disruptive technologies
Our Expansion Champions series celebrates some of the most exciting members of our community who have made their mark in MENA and beyond. We sat down with Mohamed-Ali El-Hani, CEO of Impararia, as we delved into the company’s journey into the UAE and Saudi Arabia, highlighting its business model and upcoming projects. Founded in Montreal as an aerospace and defense technology company, Impararia has since shifted its focus to providing innovative solutions for the architecture, engineering and construction industry, particularly […]