AstroLabs has released its latest guidebook to empower construction companies to fast-track their market entry to Saudi Arabia. Over the last decade, construction has experienced sustained growth and increased diversification, becoming one of the fastest-growing economic sectors in Saudi Arabia. Currently, the Kingdom holds 39% of the region’s project pipeline and is leading the region in this sector.
Titled “Saudi Construction Boom: Building a Future of Growth and Prosperity,” this guidebook represents a significant milestone as it is the first of its kind to provide businesses with a comprehensive resource that outlines the Saudi market expansion roadmap.
Mapping a total of 30+ regulations, licenses, and stakeholders, it offers a complete overview of the key players shaping the sector and detailed guidance on acquiring essential permits and licenses for high-growth businesses to enter the construction sector in Saudi Arabia.
The guidebook was meticulously curated based on the extensive expertise of the AstroLabs team in expanding over 100 global & regional industry leaders to Saudi Arabia and its work with a wide array of public and private entities. Among these are CPG Corporation from Singapore, Waagner Biro Steel and Glass from Austria, and Grankraft from the UAE.
It comes within the framework of AstroLabs’ sector-building efforts to facilitate global companies’ access to information and necessary resources that support global companies in starting their ventures and exploring new horizons in the Saudi market.
The guide features an exclusive opportunity matchmaking blueprint tailored for businesses eager to explore the vast potential of the Red Sea project, spanning a wide array of sub-sectors under construction.
Across the country as many as 5,200 projects are currently underway across the Kingdom, with a total value of $819 billion. With a total pipeline of construction projects set to be $1.5 trillion, the sector has untapped significant potential for innovation and growth.
To date, the business expansion platform has facilitated the expansion of over 650 high-growth companies to Saudi Arabia across various industries, including construction. Click here to download the full guidebook.
