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Construction
Sector

Overview

Construction

In the Construction sector, the real Gross Domestic Product (GDP) increased by 4.1% in fourth quarter of 2024 compared to the same quarter of the previous year. The seasonally adjusted real GDP increased by 5.0%, while the nominal GDP increased by 6.3% compared to the same quarter of the previous year.

Construction sector achieved positive growth in the foreign direct investment (FDI) stock at the end of 2023, which amounted to 79.8 billion, compared to the FDI stock of 2022, which was 69.0 billion.

The inflows of FDI in the Construction sector grew by 24.5% in 2023 compared to the previous year, whereas the outflows of FDI showed a decrease of 21.4% compared to previous period. Thus, the net flows amounted to 10.9 billion in 2023, while in 2022, it recorded 7.5 billion.

The overall distribution of the employed in the Construction sector reached 12.2% in fourth quarter of 2024, decreased from last quarter by 0.18 percentage points (pp) and decreased from a year ago by 0.03 pp.

For its part, the average weekly working hours was 46.5 hours in the third quarter of 2023, registering a decrease of 0.9% compared to the previous period and a decrease of 0.4% compared to the same quarter of 2022.

The operating revenues of the sector reached 429.3 billion in 2023, an increase of 25% compared to the previous year. For its part, the operating expenses amounted to 165.3 billion, showing an increase of 9.3% compared to the previous period. As a result, the operating surplus of the Construction sector was 191.4 billion, 37% higher than the previous period.

Real Sector Indicators

Gross Domestic Product (GDP)

In the fourth quarter of 2024, the real Gross Domestic Product (GDP) in Construction amounted to 92.9 billion. Additionally, the nominal GDP recorded a value of 96.0 billion, while the seasonally adjusted real GDP stood at 90.4 billion.

The graph shows the quarterly evolution of the real, nominal and seasonally adjusted real Gross Domestic Product (GDP) in the Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

The Real GDP and Seasonally Adjusted Real GDP are calculated by Gastat using the Chain-Linked Methodology.

Quarterly Evolution of Real, Nominal and Seasonally Adjusted Real GDP in the Construction Sector

Monetary

Points of Sale Transactions

In April 2025, the value of points of sale (POS) transactions amounted to 1.3 billion in the Construction sector, being 0.4% higher than the previous month and 14.9% higher than the same month from the previous year.

The graph shows the monthly evolution of the value of points of sale transactions in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Monthly Evolution of the Value of Points of Sale Transactions in the Construction Sector

Commercial Bank Credit

During April 2025, the Construction sector secured 133.5 billion in commercial bank credits, higher by 1.6% than the value of the previous month and higher by 3.6% compared to the same month of the previous year.

The graph shows the monthly evolution of commercial bank credits in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Monthly Evolution of Commercial Bank Credits in the Construction Sector

Finance Companies' Credit to Non-Retail

In 2024, the Construction sector recorded 7.0 billion in finance company credit to non-retail, marking a 32.2% increase compared to the previous year.

The graph shows the annual evolution of the finance companies' credit to non-retail in the Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Annual Evolution of the Finance Companies' Credit to Non-Retail in the Construction Sector

External Sector & International Trade

Foreign Licenses

In the fourth quarter of 2023, there were 241 registered in the Construction sector, representing a 18.1% increase compared to the previous period.

The graph shows the quarterly trend in the number of foreign licenses obtained by the Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Quarterly Evolution of the Number of Foreign Licenses in the Construction Sector

Finance and Guarantee of Saudi Exports

In 2022, the finance and guarantee of Saudi exports amounted to 279.0 million, being higher in 100.0% compared to the previous year.

The graph shows the amounts of finance and guarantee of Saudi exports by year in the Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Finance and Guarantee of Saudi Exports by Year in the Construction Sector

FDI Stock

In 2023, the Foreign Direct Investment (FDI) stock reached 79.8 billion, marking an increased of 15.7% compared to the previous year.

The graph shows the annual evolution of the FDI stock in the Construction sector.

Annual Evolution of FDI Stock in the Construction Sector

FDI Flow

In 2023, the Foreign Direct Investment (FDI) Inflow amounted to 13.4 billion, while the FDI Outflow stood at 2.5 billion. Consequently, the FDI Net Inflow was 10.9 billion, reflecting an increased of 44% compared to the previous year.

The graph illustrates the annual progression of FDI Inflow and Outflow in the Construction sector. The line chart represents the FDI Net Inflow.

Note:

FDI inflows: Financial transactions that arise between the FDI institution, direct investors and related companies outside the Saudi economy, which occur during a certain period of time, and form inflows when their positive impact appears in excess of equity and/or debt instruments.

FDI outflows: These are financial transactions that arise between the Foreign Direct Investment Corporation, direct investors, and related companies outside the Saudi economy, and which occur during a certain period of time. They are outflows when their impact appears in a decrease in the side of obligations, such as paid dividends or repayment of loans and credit receivables, or when the foreign shareholder exits.

FDI net inflow: It represents the difference between inflows and outflows of foreign direct investment inflows.

Annual Evolution of FDI Inflow and Outflow in the Construction Sector

Labor Market

Distribution of the Employed

In the fourth quarter of 2024, the percentage distribution of employed people in Construction sector reached 12.2%, with 13.2% for men and 7.3% for women.

The graph shows the quarterly evolution of the percentage distribution of employed people by gender in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Percentage Distribution of Employed by Gender in the Construction Sector

Working Hours

During the third quarter of 2023, the average hours worked by Saudi men were 43.7, compared to 47.1 hours for non-Saudi men. Likewise, Saudi women averaged 40.6 hours, while non-Saudi women worked an average of 43.8 hours.

The graph shows the average weekly working hours by gender and nationality in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Average Weekly Working Hours by Nationality and Gender in the Construction Sector

Social Insurance (GOSI)

During the fourth quarter of 2024, a total of 3,246,657 participants on the job Subject to the rules and regulations of social insurance were registered in the Construction sector, with 93.7% being men (3,043,280 participants) and 6.3% women (203,377 participants).

The graph shows the quarterly evolution of the number of participants on the job Subject to the rules and regulations of social insurance by gender in the Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Number of Participants in the Construction Sector By Gender

On-the-job Subscribers in the Private Sector

In 2022 on-the-job subscribers in the private sector was 226,232 for Saudi men and 2,136,396 for non-Saudi men. On-the-job subscribers was 139,044 for saudi women and 13,466 for non-Saudi women.

The graph shows on-the-job subscribers in the private sector by gender and nationality in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

On-the-job Subscribers in the Private Sector by Nationality and Gender in the Construction Sector

Structural Business

Economic Establishments

In 2018, there were 34,074 establishments registered in the Construction sector, of which 51.7% had less than 5 employees, 32.9% had between 5 and 19 employees and 15.5% had more than 20 employees.

The graph shows the annual distribution of establishments categorized by size based on the number of employees in the Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Number of Economic Establishments by Size Class in the Construction Sector

Revenues and Expenses

In 2023, the operating revenues reached 429.3 billion, while operating expenses amounted to 165.3 billion, resulting in an operating surplus of 191.4 billion for the year.

The graph shows the annual evolution of operating expenses and operating revenues, with the line representing the operating surplus each year.

Note: Sectors have been reclassified as per ISIC 4 standard.

Annual Evolution of Operating Expenses and Revenues in the Construction Sector

Net Assets

In 2017 net assets reached an amount of 20.9 billion, being higher in 2.8% compared to the previous year.

The graph shows the annual evolution of net assets in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Annual Evolution of Net Assets in the Construction Sector

Operating Revenues & Expenses in SMEs

In 2023, the operating revenues reached 40.0 billion in micro establishments, while operating expenses amounted to 16.4 billion, generating a surplus of 14.7 billion.

The graph shows the annual evolution of operating expenses and operating revenues, with the line representing the operating surplus each year in Construction sector for micro establishments.

Note: Sectors have been reclassified as per ISIC 4 standard.

Evolution of Operating Expenses and Revenues in Micro establishments in the Construction Sector

Employee Compensation in SMEs

In 2023, micro enterprises of the Construction sector spent 9.0 billion in employee compensation, while small enterprises spent 12.4 billion and medium-sized enterprises spent 22.3 billion. This amounts to a total of 43.7 billion for the Construction sector.

The graph shows employee compensation by enterprise size over the years in Construction sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Employee Compensation by Enterprise Size in the Construction Sector

Digital Economy

Digital Economy Indicators

According to the Digital Economy Survey carried out by the General Authority for Statistics in 2022, in the Construction sector the use of purchasing cloud computing services (57.6%) and using systems or devices connected to the Internet (56.0%) are highlighted as the most relevant indicators of adoption and use of the digital economy.

The graph shows the percentage of establishments in the Construction sector according to indicators of use and adoption of the digital economy.

Percentage of establishments according to indicators of use and adoption of the digital economy

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