The surge in iconic construction projects in Saudi Arabia is pushing the boundaries of engineering and redefining the possibilities of the built environment. Labelled as 'giga projects', these involve the development of vast infrastructure, buildings, energy and transportation systems. Speaking at the Big 5 Construct Saudi – Project Management talks last week, Ben Agyekum, Vice President, Program Cost Consultancy, KSA addressed some of the cost pressures associated with executing such unprecedented undertakings. To learn more about the current trends shaping the Middle East’s construction landscape, check our latest edition of the Middle East Property and Construction Handbook: https://lnkd.in/dD8mYvi2 #AECOMMiddleEast #Construction2024 #WeDeliver #PropertyAndConstruction #SaudiArabia #ConstructionAnalysis
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Saudi Arabia is on track to become the world’s largest construction market, with industry output expected to exceed $181bn by 2028. This article explores the $1.25 trillion in projects launched under Vision 2030, focusing on growth in the residential and energy sectors. Read more about this by the Global Construction Review here: https://buff.ly/3XiovLr
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Oman signs more Sultan Haitham City deals https://lnkd.in/eNUXa3rP The agreements follow other development agreements signed in May this year #Construction #MiddleEast #Building #Infrastructure #Engineering #ProjectManagement #ConstructionNews #InnovationInConstruction #SustainableConstruction #MegaProjects
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{Webinar on Demand} The Kingdom of Saudi Arabia’s construction sector has experienced an extraordinary surge, driven by ambitious Vision 2030 initiatives and mega-projects reshaping the nation’s urban landscape. Many contractors in Saudi have impressively doubled their portfolios, capitalizing on this momentum and positioning themselves for further growth. But how are they navigating and adapting to this rapid market expansion? Find the answer and more in our GCC Construction Market Overview 2024 webinar - watch now https://lnkd.in/dmb3kRsb
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According to Knight Frank MENA, Saudi Arabia is set to achieve a construction output value of $181.5 billion by the conclusion of 2028. This growth underscores the Kingdom’s trajectory towards becoming the leading global construction market, driven by substantial investments in diversifying the economy through various projects. “We are currently witnessing a historical transformation unfolding in Saudi Arabia with construction projects standing out in their design scale and value. Given the scale of the development pipeline, the government is hoping to attract more than $3 trillion in investments by 2030,” said Mohamed Nabil, regional partner, head of Project & Development Services, MENA. Find out more ▶ https://lnkd.in/erPRspVV #construction #MENA #ksa #saudiarabia #saudiprojects #vision2030
Construction Output Value to hit $181.5 Billion by 2028 - Saudi Projects
https://saudi.tpg.media
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We source efficient workers from OVERSEAS, deploying them to Saudi Arabia, | Our skilled GCC workforce is available for immediate RENTAL deployment in onshore projects. #OverseasManpowerServices
This collaboration between National Housing Company (NHC) and CITIC Construction, Construction marks a significant step forward in strengthening Saudi Arabia's building materials supply chain. The initiative to construct an industrial city and dedicated logistics zones for building materials, along with the establishment of 12 new facilities, demonstrates a commitment to enhancing the quality and efficiency of residential projects. By leveraging China's manufacturing expertise, this partnership not only ensures timely and high-quality completion but also promotes the transformation of the national construction sector. It's encouraging to see such strategic cooperation fostering growth opportunities for local industries and creating more job opportunities. This project aligns well with the broader strategic cooperation between Saudi Arabia and China, promising to raise construction standards and improve the quality of housing units. Exciting times ahead! #SkillWorkersLtd. #Overseasmanpowersupplier #BestManpowersupplyAgencyinBangladesh #ManpowerSupplier #ManpowerSourcingPartner #BestManpowerSupplier #BulkSkilledManpowerSupplier #GCCexperienceManpowerSupplier #ManpowerSourcingAgencyinBangladesh
The National Housing Company (NHC) has signed a cooperation agreement with CITIC Construction, a major Chinese building enterprise. The alliance plans to construct an industrial city and dedicated logistics zones for building materials in Saudi Arabia, including 12 new facilities. The collaboration aims to secure and stabilize the supply chains required for NHC’s residential projects, assuring timely and high-quality completion. According to NHC, this project will include 12 large construction material plants and depend on China’s extensive manufacturing knowledge. The move is expected to boost the local industry by integrating several local factories and raising operating criteria to reach international standards. Find out more ▶ https://lnkd.in/dv-g_FAJ #buildingmaterials #supplychain #construction #ksa #saudiarabia #saudiprojects #residentialprojects
NHC and CITIC Construction Establish Partnership to Strengthen Saudi’s Building Materials Supply Chain - Saudi Projects
https://saudi.tpg.media
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Saudi Arabia's construction industry is experiencing a remarkable surge, with investment in the sector reaching an impressive $142 billion in 2023. This represents a 4.3% increase from the previous year, highlighting the Kingdom's unwavering commitment to infrastructure development and real estate growth. This momentum is fueled by the ambitious National Transformation Plan, which has allocated over $1.25 trillion for these transformative projects. https://lnkd.in/dNf_p_Cd #realestatemarketsnews #realestatenews #realestatenewspaper #realestatenewsmena #realestate #realestate #realestatelife #realestatetips #realestategoals #realestateagent #realestategoals #realestateagency #realestateagents #realestatebroker #realestateinvestor #realestateinvesting #realestateinvestment #property #property #properties #propertyfinder #propertyforsale #propertyinvestment #propertydevelopment #propertymarket #propertyinvesting #saudiarabia #saudi #sauditrends #SaudiVision2030 #saudivision2030 #saudirealestate #saudirealestate
Saudi Arabia's Construction Sector Soars: Investment Reaches $142 Billion
realestatemarketsnews.com
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Qatar's Construction Industry Set for Significant Growth Qatar’s construction industry is projected to grow 4.4% annually, reaching QR154.2 million by 2028, driven by infrastructure demand and increasing foreign investments in residential projects. Read more: https://bit.ly/3RDyUiG #globalbusinessoutlook #qatar #construction #growth #realestate #investment #infrastructure #economy #development
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Senior Manager Infrastructure at ROSHN l روشن | Leading infrastructure projects with strategic planning expertise
Read HKA's Haroon Niazi's insightful article on KSA's rising construction disputes, which is summarised as ( Delays, scope changes, and cash flow are major issues). Niazi emphasises risk management, early contractor involvement, and contract administration to reduce these disputes. Collaboration and risk management are essential to project success. Haroon Niazi Chris Hall Thanks, for the helpful information.
Connecting great people with great companies within Construction Consultancies and Client Organisations | Claims & Disputes | Expert Witnesses | Project Management & Professional Surveying |
Some recent research from Haroon Niazi at HKA demonstrates that the number of construction disputes in Saudi Arabia and their impact is on rise. Link to article in the comments. #constructionclaims #constructiondisputes
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Despite the persistent barriers to growth on a global scale and the ongoing regional conflicts, the overall outlook for the MENA region’s construction sector remains confident with an increasing project pipeline across the UAE and Saudi Arabia. Download your copy of the Middle East and Property and Construction Handbook 2024 for more insights. https://lnkd.in/dfQxkt2H #AECOMMiddleEast #Construction2024 #WeDeliver #Propertyandconstructionhandbook #Quantitysurveying #Costmanagement #RICS
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The National Housing Company (NHC) has signed a cooperation agreement with CITIC Construction, a major Chinese building enterprise. The alliance plans to construct an industrial city and dedicated logistics zones for building materials in Saudi Arabia, including 12 new facilities. The collaboration aims to secure and stabilize the supply chains required for NHC’s residential projects, assuring timely and high-quality completion. According to NHC, this project will include 12 large construction material plants and depend on China’s extensive manufacturing knowledge. The move is expected to boost the local industry by integrating several local factories and raising operating criteria to reach international standards. Find out more ▶ https://lnkd.in/dv-g_FAJ #buildingmaterials #supplychain #construction #ksa #saudiarabia #saudiprojects #residentialprojects
NHC and CITIC Construction Establish Partnership to Strengthen Saudi’s Building Materials Supply Chain - Saudi Projects
https://saudi.tpg.media
