Published on 13th June 2023
The construction industry in Saudi Arabia has experienced significant growth and development over the years, playing a crucial role in the country's economic diversification and infrastructure expansion. The industry has been fueled by a combination of government initiatives, large-scale infrastructure projects, and private investments.
Currently, the country's economy is transitioning into a diversified economy with less dependence on oil. The kingdom's mega-cities, which are under construction, will provide future growth for this transition.
Going in line with crown prince Mohammed bin Salman's Vision 2030, Saudi Arabia is witnessing giga projects worth billions. These projects are valued at close to USD 1 trillion. Also in terms of numbers, Saudi Arabia has almost one-third of the total value of ongoing projects across the whole of the middle east and will be completed by 2030.
The top construction projects in Saudi Arabia include Neom, the Red Sea Project, Qiddiya entertainment city, Amaala, Makkah Grand Mosque – Third Expansion, Jeddah Tower, Riyadh Metro, Riyadh Rapid Bus Transit System, King Abdullah Bin Abdulaziz Medical Complexes, King Salman Energy Park (Spark), Hanergy Solar Park, and Dumat Al Jandal Wind Power Plant.
The Saudi Arabia construction market size was valued at USD 133.1 billion in 2022 and is expected to achieve an AAGR of more than 4% during 2024-2027. Here are some of the drivers for the growth during this period.
Vision 2030: The construction industry's growth aligns with Saudi Arabia's Vision 2030, a comprehensive plan aimed at reducing the country's dependence on oil and transforming it into a diversified, knowledge-based economy. The plan emphasizes the development of infrastructure, tourism, and other non-oil sectors, providing ample opportunities for construction companies.
Mega Projects: Saudi Arabia has undertaken numerous mega projects to bolster its infrastructure and diversify its economy. These include NEOM, a USD 500 billion futuristic city, the Red Sea Project, a luxury tourism destination, Qiddiya, an entertainment city, and the Riyadh Metro, among others. These projects have attracted international investment and expertise, driving growth in the construction sector.
Urban Development: Major cities like Riyadh, Jeddah, and Dammam are witnessing extensive urban development projects. The construction of commercial buildings, residential complexes, hotels, and shopping malls is booming to accommodate the country's growing population and increasing demand for modern infrastructure.
Real Estate Sector: Saudi Arabia's real estate sector has experienced substantial growth, stimulated by government initiatives such as the implementation of mortgage law and the establishment of the Real Estate Development Fund. The construction industry has benefited from this growth, with increased demand for residential and commercial properties, leading to the construction of new developments across the country.
Public Infrastructure: The Saudi government has prioritized the development of public infrastructure, including transportation networks, airports, seaports, roads, and utilities. These projects aim to improve connectivity, enhance logistics, and facilitate economic growth across different regions. The construction industry has played a vital role in executing these projects, working in collaboration with international contractors and consultants.
Sustainability and Renewable Energy: In line with global sustainability trends, Saudi Arabia has focused on incorporating green building practices and renewable energy projects. The construction industry is witnessing a rise in sustainable construction methods, energy-efficient buildings, and the installation of renewable energy systems such as solar and wind power. The government's commitment to renewable energy is evident in initiatives like the Saudi Vision 2030 and the National Renewable Energy Program.
While the construction industry in Saudi Arabia has thrived, it faces challenges such as labor market reforms, regulatory procedures, and the need for skill development. Addressing these challenges is crucial for Saudi construction companies to keep the industry's growth pace intact and ensure its long-term success.
With heavy investment for futuristic growth and changing cultural outlook, the future remains optimistic for the Saudi construction industry. The top construction companies in Saudi Arabia have a crucial role to play in the success of the ongoing infrastructure projects, urban development, and the country's commitment to economic diversification.
Here is the Saudi Arabia construction companies list that constitutes the top and big construction companies in Saudi Arabia that are playing a key role in driving the Saudi economy forward.
| Company | Headquarters |
Founding Year |
Market Cap (in USD) |
Major Projects | Services Provided |
| Saudi Binladin Group | Riyadh |
1934 |
1.3 billion |
King Abdulaziz International Airport, Jeddah Tower, Kingdom Tower | Civil engineering, building construction, infrastructure development, project management |
| Al-Rashid Trading & Contracting Co. | Riyadh |
1953 |
1.2 billion |
King Fahd International Airport, Riyadh Metro, Diriyah Gate | Civil engineering, building construction, infrastructure development, project management |
| Almabani | Jeddah |
1950 |
1 billion |
King Abdullah Financial District, Al-Masjid an-Nabawi Expansion, Jeddah Islamic Port | Civil engineering, building construction, infrastructure development, project management |
| Nesma & Partners | Riyadh |
1964 |
900 million |
King Salman Energy Park, Riyadh Front, Diriyah Gate | Civil engineering, building construction, infrastructure development, project management |
| Al-Kifah Contracting Company | Dammam |
1968 |
800 million |
King Fahd Cultural Center, King Abdulaziz Medical City, King Abdullah University of Science and Technology | Civil engineering, building construction, infrastructure development, project management |
| Construction and Planning Co. | Riyadh |
1971 |
700 million |
Jeddah Public Transport Project, King Abdullah Economic City, Rabigh Industrial City | Civil engineering, building construction, infrastructure development, project management |
| Al-Ayuni Investment & Contracting | Jeddah |
1975 |
600 million |
Makkah Clock Royal Tower, Abraj Al Bait Towers, King Abdulaziz International Airport Expansion | Civil engineering, building construction, infrastructure development, project management |
| Contracting and Construction Enterprises (CCE) | Riyadh |
1980 |
500 million |
King Abdullah Sports City, King Saud University Medical City, King Fahad National Library | Civil engineering, building construction, infrastructure development, project management |
| Kabbani Construction Group | Jeddah |
1982 |
400 million |
Jeddah Tower, Red Sea Development Company, Diriyah Gate | Civil engineering, building construction, infrastructure development, project management |
| Umm Al Qura For Development & Construction Company | Makkah |
1985 |
300 million |
Makkah Grand Mosque Expansion, King Abdulaziz Historical Centre, King Abdulaziz International Airport Expansion | Civil engineering, building construction, infrastructure development, project management |
Saudi Binladin Group is the biggest construction company in Saudi Arabia with a rich history and extensive experience in executing projects in the Saudi peninsula. It has been involved in several iconic projects in the country, including the expansion of the Grand Mosque in Mecca and the King Abdulaziz International Airport in Jeddah.
However, the company has faced challenges in recent years due to financial difficulties and restructuring. Despite these setbacks, the company's strong reputation and expertise in large-scale construction projects position it well for future opportunities.
Al-Rashid Trading & Contracting Co. is one of the big construction companies in Saudi Arabia. It is known for its diverse portfolio and long-standing presence in the Saudi construction industry. The company has successfully executed a wide range of projects, including residential complexes, commercial buildings, and infrastructure developments.
With a focus on quality, innovation, and customer satisfaction, Al-Rashid has built a solid reputation as a reliable and efficient construction partner. Its commitment to sustainability and adherence to international standards further enhance its competitiveness in the market.
Almabani is a leading construction company in Saudi Arabia with a strong track record in delivering high-quality projects across various sectors. The company has expertise in building construction, infrastructure, and engineering services. Almabani has been involved in significant projects, such as the King Abdullah Financial District in Riyadh and the Princess Nourah bint Abdulrahman University in Riyadh.
The company's commitment to innovation, safety, and sustainability has contributed to its success and positioned it as a trusted contractor in the industry. Almabani's focus on maintaining strong client relationships and delivering projects on time and within budget has earned it a favorable reputation in the market.
Nesma & Partners is a prominent construction and engineering company in Saudi Arabia. With a diverse portfolio, the company has successfully completed projects in various sectors, including residential, commercial, industrial, and infrastructure. Nesma & Partners has a reputation for delivering projects with a focus on quality, safety, and customer satisfaction.
The company's strong project management capabilities, technical expertise, and commitment to innovation have contributed to its success. Nesma & Partners has also demonstrated a commitment to sustainability by integrating green building practices and renewable energy solutions into its projects.
Al-Kifah Contracting Company is a well-established construction firm in Saudi Arabia, specializing in civil engineering, infrastructure, and industrial construction projects. The company has a solid reputation for delivering projects of varying complexities and sizes.
Al-Kifah Contracting Company has a strong focus on quality, efficiency, and a customer-centric approach. It has successfully executed projects in the residential, commercial, and industrial sectors. The company's commitment to using advanced technologies and its skilled workforce contribute to its competitiveness in the market.
Construction and Planning Co. is a leading construction company in Saudi Arabia known for its expertise in executing large-scale projects across various sectors, including infrastructure, transportation, and urban development. The company has a strong track record of delivering complex projects on time and within budget.
The company’s comprehensive services range from design and engineering to construction management, allowing it to provide end-to-end solutions to clients. The company's commitment to quality, safety, and sustainable practices has earned it recognition in the industry.
Al-Ayuni Investment & Contracting is a diversified company with interests in the construction, mining, and renewable energy sectors. The company has played a significant role in the development of infrastructure in Saudi Arabia, executing projects in road construction, airports, and industrial facilities.
Al-Ayuni Investment & Contracting has a reputation for delivering projects efficiently and adhering to the highest standards of quality. With its diverse portfolio and commitment to innovation, the company is well-positioned to capitalize on the growing construction opportunities in the country.
Contracting and Construction Enterprises is a leading construction company in Saudi Arabia, specializing in the development and construction of residential and commercial properties. The company has a strong presence in the real estate market, delivering projects ranging from high-rise buildings to luxurious residential complexes.
The construction firm's focus on quality craftsmanship, attention to detail, and timely project completion has earned it a favorable reputation. With a customer-centric approach and a strong network of suppliers and partners, the company continues to be a reliable player in the construction industry.
Kabbani Construction Group is a well-established construction company in Saudi Arabia with expertise in various sectors, including residential, commercial, healthcare, and hospitality. The company has successfully completed numerous projects and has a strong reputation for quality construction and timely delivery.
Kabbani Construction Group's commitment to innovation, sustainability, and customer satisfaction has contributed to its growth and market position. The company's extensive experience, skilled workforce, and ability to handle complex projects make it a preferred choice for clients in the Saudi Arabian construction industry.
Umm Al Qura For Development & Construction Company is a leading construction firm in Saudi Arabia with a focus on large-scale infrastructure and real estate projects. The company has been involved in the development of residential communities, commercial centers, and educational institutions.
Umm Al Qura For Development & Construction Company's commitment to quality, efficiency, and adherence to international standards has earned it recognition in the market. The company's strong project management capabilities and skilled workforce enable it to deliver projects that meet client expectations.
Here are some other companies that make it to the top 50 construction companies in Saudi Arabia list.
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This list is important for Building/Project Owners, Clients, Engineers, Subcontractors, Construction Project Managers, Building Material Suppliers, and Architects. A compiled list of the most reputable and reliable construction companies in Saudi Arabia can allow you to identify the best relevant partners and address them directly for your next project.
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