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MEED Webinar Presentation: Saudi Arabia Projects Ecosystem Webinar

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The Saudi Arabia Projects Ecosystem presentation contains:

1. Latest update and summary of the wider Saudi Arabia projects market, beyond the Giga Projects programme, taking in the power, water, oil & gas, petrochemicals, real estate, transport and industrials sectors

2. Updated summary description of key mega projects, including major programme elements

3. Analysis of contracts and spending to date

4. Highlights of key contracts to be tendered and awarded in 2024

5. Evaluation of market capacity and resource expectations

6. Key drivers and challenges going forward

Projects Data
Competitor analysis
Market Forecast
Strategic insight

Preview:

After reaching a peak in 2014 when the oil price had been over $100 a barrel for a concerted period, spending on projects declined, hitting a low of just $72bn in 2020. Following a recovery in 2021, 2022 was a very disappointing year especially with so much talk on the Saudi giga projects program

Real GDP growth is projected at 2.7% in 2024. Total revenue for FY 2023 is expected to reach SAR 1,275 bn, a 5.6% increase from actual spending in 2022. This increase is reflective of the Kingdom’s willingness to support promising sectors, social spending and diversification of the economic base.

This record-breaking performance has been driven by the UAE and Saudi Arabia which themselves also posted record highs. While Saudi has taken centerstage, the UAE has arguably been more impressive by jumping nearly 3 times from the 2022 number

Saudi Arabia Projects Ecosystem, Informational graph about the value of GCC contracts awarded by country

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MEED is the world’s leading source of Middle East business intelligence. Established in 1957, MEED has been integral to delivering business information and news, intelligence and analysis on the Middle East economies and activities ever since.