CONSTRUCTION PORTFOLIO OF EVENTS
Saudi Vision 2030 outlines an ambitious economic growth strategy that seeks to diversify the country's economy away from the oil industry. Economic diversification through the kingdom's exponential construction sector, supported by multibillion-dollar mega- and gigaprojects, is a critical success element in achieving Vision 2030's objectives. The booming USD 900 billion construction industry of Saudi Arabia has naturally led to a flourishing market for architecture and interior design services.
The Kingdom is set to become the largest construction site in human history thanks to its upcoming mega projects, its push for a green building rating system, and its planned construction projects of more than 555,000 residential units, 275,000 hotel rooms, 4.3 million sq meters of retail space, and 6.1 million office square meters.
The value of the Saudi glass and glass wall market is projected to exceed $3.01 billion by 2027, up from $1.64 billion in 2021. In 2021, the Saudi Arabian doors and windows market was worth USD 3.21 billion, and by 2027, that number is projected to rise to USD 4.91 billion. Saudi Arabia’s façade and glass market is expected to increase to over $ 7 billion by 2027, from $ 4.85 billion in 2021, given the rapid construction eco-system push.
As a part of the one-day content program, the audience will hear case studies, presentations, and panel discussions on impactful topics such as designing to reduce construction waste, innovation, conservation, modernization, and adaptation of existing buildings, human-centric urban design, integration of design technology, inspirational case studies, sustainability developments in the world of facades, carbon-neutral Architecture and designing for the circular economy.
Source: Mordor Intelligence Report 2022