Bain & Company projects 4.5% growth in Saudi construction sector by 2026

A construction project 

Bain & Company forecasts a 3.5% to 4.5% compound annual growth rate (CAGR) for the Saudi construction sector until 2026.

According to the company’s statement, Saudi Arabia offers significant growth potential for the construction sector, driven by infrastructure projects and government initiatives aimed at increasing homeownership, which will boost residential construction.

Bain anticipates increased commercial construction activity in line with the government's goal of establishing the Kingdom as a leading entertainment and tourism hub.

Houssem Jemili, Senior Partner at Bain's Middle East practice, stated that Saudi Arabia's strategic focus on infrastructure expansion, housing development, and tourism positions the Kingdom to drive regional growth in the construction sector.

He recognized that the Kingdom's ambitious initiatives offer exceptional opportunities for innovation and investment, perfectly aligning with global trends in modern and sustainable development.