• Construction

    OBG’s Construction sector analysis highlights investment opportunities in the infrastructure, residential, commercial and industrial segments. Government policies are reviewed along with labour, materials and land costs, trends in bank lending and the public tendering process.
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Chapter | Real Estate & Construction from The Report: Saudi Arabia 2019

Although growth in Saudi’s real estate sector has softened since 2016, government-led initiatives to increase access to affordable housing, in addition to wider economic diversification plans focused on tourism and industrial output, look set to turn its fortunes around. All eyes have been on the impact of the government’s white land tax on unused plots, which was introduced in 2017, with...

Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.

 

Driven by government infrastructure spending related to Qatar National Vision 2030 and the upcoming 2022 FIFA World Cup, Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. The laying of new rail and metro lines, a growing airport and port, and a rapidly expanding road network have...

 

In its Qatar National Vision 2030 development plan, the country has identified infrastructure building as key to engendering “a dynamic and more diversified economy”. Added to this long-term outlook is the impetus created by hosting the 2022 FIFA World Cup, during which athletes and spectators from around the world will play in Qatar’s...

 

What sectors of the economy are prioritised for infrastructure spending in 2019?

 

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...