Saudi construction sector to grow 5% annually until 2030: SCA Chairman 

16/02/2025 Argaam
Mohammed Alajlan, Chairman of the Saudi Contractors Authority (SCA)

Mohammed Alajlan, Chairman of the Saudi Contractors Authority (SCA) 

The Saudi construction sector is forecast to grow at an annualized rate of 5% until 2030, Mohammed Alajlan, Chairman of Saudi Contractors Authority (SCA), told Al Eqtisadiah newspaper.

 

This growth reflects expansion across related industries, including suppliers, manufacturing, and labor, he added.

 

According to Alajlan, as much as 18,000 projects are currently underway in Saudi Arabia, fueling trillions of SAR-denominated investments by 2030.

 

For more news and details on the projects

 

He noted a significant influx of foreign companies into the Saudi construction sector, driven by market demand for their expertise.

 

These firms would form alliances with local contractors, therefore facilitating knowledge exchange and collaboration.

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