0000123992 00000 n 0000073516 00000 n 0000052955 00000 n | RIYADH, Sept 3: Owning a home has never been more difficult for most Saudis. 0000027485 00000 n 590 64 We delve into the recent chapter of AECOMs sustainable and digital transformation journey by showcasing how our focus on innovative and transformative solutions are being employed to improve outcomes for our clients and communities. "Saudi Arabia Construction Outlook - Dec 2022", https://www.researchandmarkets.com/r/kxjwkl-arabia?w=12. Generally the personal information we collect from you are for the purposes of dealing with your enquiry. Alternative procurement routes being considered to manage risk of tender price inflation for major works. 0000044935 00000 n Copyright2023 Jones Lang LaSalle IP, Inc. 2022 Middle East Construction Labor, Material, Labor Productivity & Cost Databases / PDF's Countries covered includes Bahrain, Egypt, Iraq, Kuwait, Qatar, Saudi Arabia, Turkey, UAE & (6) other . Saudi Arbia's construction sector is in a high growth trend, driven by the Kigdom's visionairy leader, and Vision 2030. 0000057711 00000 n 0000130191 00000 n Cost of construction soars as global markets balance booming demand with supply chain disruption. i#_&? The database focuses on the following construction categories: Refineries, Oil & Gas, Petro-Chemicals, LNG, Ethylene Facilities & Other Process related Facilities As the global economy continues to face considerable headwinds amidst a year of positive market growth, the risk of a global recession lingers as geopolitics, energy and economic shocks are sustained. Our global sectors. Building Compliance Status (Check your Building) Info on Energy Star Portfolio Manager. 0000051932 00000 n We are 36,000 people active in over 70 countries. The report explains in detail how and why the index has been created, explains the need for such a tool, analyses the factors that have influenced the price movements over the past decade and looks ahead to how these may affect the index in the future. If you haven't already registered your interest, simply submit your name and email and we'll make sure to keep you posted on all the exciting announcements we have in store for the event. A.a~f_;Td$m!ZCEV'%;4!$0 |~mi~+5;td{LM*~v9b.c y5IJ'nkP:YZ$|cyr+75m%_(R@et|b @U8frfvP1d|0 FU>rHsw5Asbf` ).{+sGKu5X.g.uok_,W?vMt= {st6>uklQ5esdz`0u:anZ xi4]C[yue$Qm[(=lcEx*l YifLN5tPOi KSA construction cost benchmarking report Q2 2021 Download PDF (0.21MB), Thank you for your enquiry. About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. Construction output growth in KSA is anticipated to rise by 3.2% in 2022, with a further annual average growth rate (AAGR) of 4% between 2023 to 2026 as indicated by Global Data. The KSA construction market is anticipated to grow by 2.9% in 2021. Physical assets have complex uses and integrated lifecycles. The latest construction cost benchmarking report for Saudi Arabia is now available for download. 2023 International Construction Benchmark Database Please get in touch. T7-0L{}VK_P`\U0&({+h.MW^aOn?5y1CcWk>y[m. When photographs from the year 2000 are placed next to more recent photos of the major cities in Qatar, Saudi Arabia and the United Arab Emirates, it is hard to digest that all this change happened in just over a decade. Our current off-the-shelf reports include: To find out how MEED Cost Indices can help you gain critical business insight, please submit your details on our contact form below: Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA regions best source of business information. 0000098310 00000 n 0000056463 00000 n Construction Costs Benchmarking Kingdom of Saudi Arabia Q2 2022 Market Highlights Saudi Arabia's construction sector is in a high growth trend, driven by the Kingdom's visionary leader, and Vision 2030. This edition of AECOMs Middle East Property & Construction Handbook assesses trends and new opportunities that have presented themselves during another year of recovery. Saudi Arabia Construction Market Report 2021 - Industry Saudi Arabia - Construction Costs Books | Compass International Building material prices surge in Saudi Arabia | Arab News 0000109916 00000 n We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. xref It is against this backdrop that MCI has compiled its 3rd quarterly report investigating the key drivers affecting the construction industry. says Emil Rademeyer, General Manager, MEED Cost Indices. @Rmw61$cRbCBV08E+B4ZEH~_g4HqV hS6}m5D XlI;8tmn_K 6A&2ya| 'Qxf^ 2}56d1QW:;'C2~vu7 x}rHMZ cjh#B>6/L\ z:>+A]C 2PSz4 cM1~:ffp|0}LD0?gwOrb4(|ZLr]&;9A9!O*zhX:av*7a=f]EY,t8!hZjUp("x 64NdWnOp00?O>(ps+YTw&i92Kka"g!#[,q){lNxJ8^d@Zgv]7mk\eXf'~p5~\;f9eNl _uUn;f~"g`$o6]r hMe2O/G 7w]nv/elW9 0 0000106311 00000 n For specific current and benchmarked cost data, please reach out to AECOMs Program Cost Consulting team to assist you in obtaining relevant and specific costs for projects. 0000101064 00000 n HWr8}WiJiBrJl&I2dS[HBRv{ [fqhnt>}lVT}E#JO)aLEO9Wd:'PBe6:{u9K 0000084581 00000 n The Kingdom's pipeline value of unawarded (pre-execution) projects is estimated at $1.1 trillion, which includes projects from the study stage through to the main contractor bid. While the recovery for the region remains positive, considerable caution is required. Choose a country or region to see specific content from that location. M: +44 (0)7815 081926E: sally.marwaha@thebench.com. Our International Construction Costs 2023 report reveals how inflation, construction costs, finance costs and energy prices have all continued to rise, resulting in fewer transactions and tumbling asset values. 0000016036 00000 n 0000009320 00000 n We also take a look at the construction industrys role in reducing global carbon emissions by addressing embodied carbon in construction, and examine the opportunities and challenges faced by public and private sector finances in regard to climate change action and disclosures in financial decision-making. 0000020742 00000 n The market is witnessing PPP opportunities, further boosting the local market, benefiting local expertise in development projects. These articles aim to provoke thoughts in relation to the growing opportunities within the Middle East on subjects such as repurposing underutilized buildings for food security challenges and inner-city agriculture. Manufacturing Facility (50,000 150,000 SF, 5 10 miles from city center, excludes manufacturing equipment) $68 to $112 per SF / $732 to $1,205 M2, Food Production / Dairy Facility (45,000 200,000 SF, 5 10 miles from city center, (excludes refrigeration equipment & tri-clover SS process piping systems) $87 to $149 per SF / $936 to $1,603 M2, Warehouse / Logistic Center (35,000 250,000 SF, 5 10 miles from city center) $64 to $110 per SF / $689 to $1,184 M2, High Rise Apartments 5 10 Floors (Private, 5 10 miles from city center) $100 to $167 per SF / $1,076 to $1,797 M2, 3 5 Story Hotel (2 3 Star, 5 10 miles from city center) $105 to $172 per SF / $1,130 to $1,850 M2, 3 5 Story Office (Air Conditioned, 5 10 miles from city center) $108 to $178 per SF / $1,162 to $1,915 M2, Shopping Mall (150,000 350,000 SF Minimal Fit Out), 10 miles from city center $85 to $133 per SF / $915 to $1,431 M2.