Saudi Arabia’s construction industry is experiencing sustainable growth, supported by strategic government initiatives and massive infrastructure projects. A key driver is Vision 2030, launched in 2017 by Crown Prince Mohammed bin Salman to diversify the economy. One of the flagship initiatives is NEOM, a $1 trillion project encompassing zones like The Line, Oxagon, and Trojena. Leading international contractors—Bechtel and AECOM (USA), Hyundai E&C (South Korea), Larsen & Toubro (India)—alongside major regional companies such as Shibh Al Jazira Contracting, Saudi Binladin Group, and Nesma & Partners, are involved in its implementation.
Preparation for EXPO 2030 in Riyadh and the 2034 FIFA World Cup is driving major development in residential, hospitality, transport, sports, and urban infrastructure. Total construction sector investments exceed $1.3 trillion, covering both mega-developments and thousands of medium- and small-scale projects, such as residential districts, logistics hubs, business centers, healthcare institutions, and educational facilities.
This growing market is attractive not only to large infrastructure contractors but also to firms specializing in residential, commercial, and industrial construction, utilities, and turnkey solutions. Due to the shortage of skilled engineers and qualified execution teams, opportunities emerge for international contractors. Russian firms with experience in complex projects, disciplined engineering teams, and production capabilities can tap into subcontracting and specialized roles—not in direct competition with global EPC players, but through strategic partnerships in a resource-constrained environment.
Saudi Arabia maintains high standards for quality, deadlines, and management, making these the primary entry criteria for foreign companies willing to prove their capabilities on the ground.
“Saudi Arabia’s construction sector is one of the most dynamic globally. Vision 2030’s scale, combined with a high demand for execution capacity, creates unique opportunities for international companies that can ensure quality, reliability, and timely delivery,” said Igor Bukato, international construction and infrastructure expert.
