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Saudi Arabia to Become the World’s Largest Building Market


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Saudi Arabia is set to become the world’s biggest building market, surpassing the United States. This is because the country has invested a lot of money in projects to diversify its economy.

By the end of 2028, the total value of construction work in Saudi Arabia will reach $181.5 billion, which is almost 30% more than in 2023.

The increase in construction is mainly due to the building of homes and large projects called giga projects. These projects are part of the Vision 2030 plan by Crown Prince Mohammed bin Salman, which aims to transform the economy and prepare for a growing population and an expected increase in tourists.

This is a very exciting time for Saudi Arabia, as we are witnessing a historic change with the construction of these large and valuable projects.

Since the introduction of the Vision 2030 plan eight years ago, Saudi Arabia has started projects worth over $1.25 trillion. Some projects have been put on hold, but the country is working hard to meet the 2030 deadline.

In 2023 alone, construction contracts were worth more than $140 billion, with most of them being in Riyadh, the capital city of Saudi Arabia. By 2030, Riyadh is expected to have 10 million residents.

As Saudi Arabia prepares to host the World Expo in 2030 and possibly the World Cup in 2034, its capital city is becoming a major center of activity and growth.

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