Middle East Construction Market Report 2023 | Investment, real estate, residential market, forecast, projects, 2023-2030

The global Middle East construction market is valued at USD 1.9 billion in 2023 and is expected to grow at a compound annual growth rate of 6.3% from 2023 to 2030, according to a recent report by RationalStat.

Many countries in the Middle East are increasingly turning their attention to sustainable practices in construction. Research and development activities are aimed at developing technologies and materials that reduce environmental impact, increase energy efficiency and promote sustainable construction.

Middle Eastern governments are actively investing in infrastructure development such as roads, bridges, airports and power plants. This is due to a number of factors, including population growth, economic diversification and the need to improve the region's competitiveness. Moreover, the private sector also plays an important role in the construction market in the Middle East. This can be seen in the growing number of residential, commercial and mixed-use properties under development. Private investments are driven by factors such as urbanization, rising incomes, and growing tourism industry in the region.

The major players in the Middle East construction market are employing various strategies to consolidate their market share and gain competitive advantage over other market players. Mergers and acquisitions, partnerships and collaborations, and new product launches are some of the strategies being pursued by industry participants.

Some of the leading players and vendors that are contributing significantly to the growth of the Middle East construction market include Arabtec Construction, Consolidated Contractors Company (CCC), Daewoo Engineering & Construction, Larsen & Toubro Limited (L&T), Saudi Binladin Group (SBG), Samsung Engineering, SNC-Lavalin Group, Vinci Construction, Arab Contractors Company, Orascom Construction, ACC Limited, China State Construction Engineering Corporation (CSCEC), Mace Group, Drake & Scull International and Al-Futtaim Carillion (AFC), among others.

RationalStat has categorized the Middle East construction market on the basis of type, end-user, and region.

The report from RationalStat answers questions about the Middle East construction market. The company also offers a 20% end-of-year discount on the report.

RationalStat is a global marketing research and consulting company that provides comprehensive market research reports, customized strategies and consulting studies. The company has sales offices in India, Mexico and the US to support global and diverse business projects. The company employs more than 80 consultants and industry experts who develop more than 850 market research and industry reports for the annual store report.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to meet client needs. The company also offers value-added services such as consumer research, country reports, risk reports, valuations and consulting services, financial research, validation, procurement and supply chain research, data analytics, and analytical dashboards.

Contact information for RationalStat LLC:

• Kimberly Shaw, content and press manager
• [email protected]
• U.S. phone number: +1 302 803 5429
• UK phone number: +44 203-287-1245

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