As of 2017, the operating revenue of architectural and engineering activities in Saudi Arabia was over 2.9 billion U.S. dollars. The revenue has steadily increased in Saudi Arabia over the past decade.
Saudi Arabia’s revenue source
The leading revenue-generating sector in Saudi Arabia is the oil sector with an over 68 percent share. The Saudi Arabian government intends to diversify its economy and increase the revenue share of other industry sectors with the reform program Vision 2030. Therefore, the construction sector is a leading investment field for the Saudi Arabian government. The reform programs led to the increase of the operating revenue of the construction of buildings as well as special construction projects.
Saudi Arabia’s spending on the construction industry
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Ventures Onsite. (April 1, 2019). Value of the construction contracts in the Gulf Cooperation Council in 2019, by sector (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/1168418/gcc-construction-contracts-by-sector/
Ventures Onsite. "Value of the construction contracts in the Gulf Cooperation Council in 2019, by sector (in billion U.S. dollars)." Chart. April 1, 2019. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/1168418/gcc-construction-contracts-by-sector/
Ventures Onsite. (2019). Value of the construction contracts in the Gulf Cooperation Council in 2019, by sector (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/1168418/gcc-construction-contracts-by-sector/
Ventures Onsite. "Value of The Construction Contracts in The Gulf Cooperation Council in 2019, by Sector (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2019, https://www.statista.com/statistics/1168418/gcc-construction-contracts-by-sector/
Ventures Onsite, Value of the construction contracts in the Gulf Cooperation Council in 2019, by sector (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1168418/gcc-construction-contracts-by-sector/ (last visited November 10, 2024)
Value of the construction contracts in the Gulf Cooperation Council in 2019, by sector (in billion U.S. dollars) [Graph], Ventures Onsite, April 1, 2019. [Online]. Available: https://www.statista.com/statistics/1168418/gcc-construction-contracts-by-sector/
