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Special report: Saudi Arabia

on Feb 26, 2013

King Abdullah Financial District, Riyadh
King Abdullah Financial District, Riyadh

RELATED ARTICLES: Face to Face: John G Spitz of Hill InternationalSite Visit: CMA Tower, RiyadhWinning numbersJeddah Infrastructure 2013 Conference previewLaw enforcementUnderstanding FM's changing role in Saudi Arabia l Design case study: KAFD Conference Centre l  Project update: Al Jawharah Tower, Jeddah

Saudi Arabia is rightly seen as one of the most important markets within the GCC's construction sector, with huge investments in infrastructure, oil & gas, housing and commercial projects.

Within its most recent budget announcement for 2013, the Kingdom pledged 37% of its budget on education and housing projects as it seeks to diversify its economy away from a reliance on oil by spending ever greater portions of its income on schemes with a longer term economic benefit.

A new report by National Commercial Bank forecasts that heavy capital spending by government on infrastructure "will remain as the status quo", with spending on capital projects set to increase by 2% in 2013 to $72bn.

Other bodies such as the Saudi Electricity Company, Saudi Arabia Mining Company and petroleum giant Saudi Aramco are planning major investments of their own in order to grow capacity. With this in mind, CW has produced a special report providing a snapshot of the market as it progresses into what is likely to be one of its busiest years.

In this report, we interview a consultancy which has grown its KSA project pipeline to $40bn from a standing start just over five years ago, visit the new Capital Markets Authority tower in the heart of Riyadh's new financial district and we take a look at the major contract winners from 2012.

We also preview CW's forthcoming Infrastructure Conference in Jeddah on 20 March, take a look at how contract laws are enforced in the Kingdom and gain expert opinion on how the nascent

Face to face: John G. Spitz of Hill International
Hill International's senior vice-president in Saudi Arabia says that project management is becoming an increasingly valued discipline as the Kingdom undertakes an ever-greater number of mega-projects

Site visit: CMA Tower
The new home for Saudi Arabia's Capital Markets Authority, being built by Saudi BinLadin Group, is set for completion by 2013.

Winning numbers
A look where the $62.7bn worth of construction contracts were awarded last year - and which firms picked up the biggest deals.

Jeddah Infrastructure Conference preview
With $12.5bn earmarked for 127 infrastructure projects to transform Jeddah - including a new metro system with an estimated value of $9.5bn - Construction Week's forthcoming Jeddah Infrastructure Conference is a must-attend for those looking to find out more about the opportunities available.

Law enforcement
A key stumbling block for overseas entrants into the Saudi Arabian market is in enforcement of contract law. Stian Overdahl asks whether proposed new laws aimed at simplifying disputes will make life easier.

Understanding FM's changing role in Saudi Arabia
As government spending on infrastructure projects receives a multi-billion dollar increase in Saudi Arabia, is the FM industry able to keep up? Devina Divechia investigates.

Design case study: KAFD Conference Centre
Middle East Architect editor Oliver Ephrgrave looks at Skidmore Owings & Merril's design for the new KAFD Conference Centre, Riyadh.

Project update: Al Jawharah Tower, Jeddah
Al Jawharah Tower, the first high-rise building on Jeddah’s corniche, is now close to its structural completion. Two years on from the start of the project CW looks looks back at Damac’s endeavour.