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Saudi Arabia
needs more than 2 million housing units, to
cater to its growing population, as well as
hospitals, schools, universities and leisure
centers. |
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The country’s
electricity sector will expand by 300% within
the next two decades. More than 600 new
factories are under construction. Telecoms
sector is developed. |
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The water sector
is upgraded, to include more desalination
plants, better drinking water networks, and
broadened pipeline networks. |
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Hundreds of
projects are creating unprecedented demand for
the latest construction industry machinery,
technology and tools, from the world’s leading
companies. |
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Companies from
around the world are teaming up to vie for the
Saudi Arabia ambitious in their next seven years
projects plan. |
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A unique
resort-style residential development is expected
to take approximately nine years to be
completed. |
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The construction
industry is expected to expand by 6.71 percent
during the seventh National Development plan. |
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Major
construction projects in the petrochemical,
petroleum, power, water and telecommunication
sector, investment in these projects are
estimated to be 30 billion US dollars. |
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New projects
include multiple theme parks and hotels in
addition to 55 new hospitals and 500 healthcare
centers within the coming five years. |
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Tremendous
investment projects will be available during the
coming years for local and foreign investments
in the Kingdom estimated to be 61 billion US
dollars. |
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 During the
current seven-year development plan, 12 new
desalination plants will be built, providing an
additional 2.5 million cubic meters of water and
22 on going dam projects will be completed along
with the start of 62 large, medium, and small
dams. |
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The private
sector will play a crucial role in the
development of these projects. |
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