0000001851 00000 n 590 0 obj <> endobj To generate the results of our Data centre cost index 2022, data centre benchmarking cost data was captured from live or recent projects in more than 20 countries. 0000055375 00000 n The total installed cement production capacity is forecasted to increase from over 50 million tons per annum to well over 60 million tons by 2015. 0 09051284 VAT: NL KSA was the strongest performer across the GCC in terms of the total value of construction project awards by year-end 2020. JLL's regular view on global real estate dynamics, covering: investment, office, logistics, retail, hotels and living, as well as CRE market trends. This data acts as an indicative high-level guide and comparison of building asset costs and should be used circumspectly. 0000022546 00000 n Construction Costs Benchmarking Kingdom of Saudi Arabia Q4 2022 Market Highlights Saudi Arabia's construction sector in particular, driven by the Kingdom's overall popularity on the world stage, increased in line with the Vision 2030. 0000007748 00000 n 0000030296 00000 n 0000096595 00000 n If you are sending us a CV please send it to us via our recruitment pages which can be found here. PDF KSA Market Q2 2021 - Currie & Brown For specific current and benchmarked cost data, please reach out to AECOMs Program Cost Consulting team to assist you in obtaining relevant and specific costs for projects. International construction market survey 2022. We have carefully selected articles written by AECOM specialists, that focus on prevailing themes within the construction and property market. 0000019380 00000 n Colliers International KSA-Construction Cost in The Kingdom of - Scribd Cost of key materials like cement and steel have risen over 20% YoY in March 2022. 0000055921 00000 n Compass leads construction projects from concept right through to completion with services including. KSA Construction Market Intelligence Q4 2022 - jll-mena.com Lost your password? We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Demand more from your real estate. 0000107129 00000 n construction costs only 4. Construction cost index U.S.s, by city | Statista Classification of the Construction Industry, For more information about this report visit https://www.researchandmarkets.com/r/kxjwkl-arabia?w=12. 0000038050 00000 n Our International Construction Costs 2023 report reveals how inflation, construction costs, finance costs and energy prices have all continued to rise, resulting in fewer transactions and tumbling asset values. Physical assets have complex uses and integrated lifecycles. 0000044838 00000 n Published by MEED Cost Indices (MCI), the data used to develop this forecast has been exclusively sourced from more than 200 regional construction projects from a wide range of organizations. A rebooted privatization program aimed at injecting much needed foreign direct investments (FDIs) into the Egyptian economy is likely to spur construction activities and accelerate the recovery of Cairos real estate sector in the coming years. Construction Costs Benchmarking Kingdom of Saudi Arabia Q2 2022 Market Highlights Saudi Arabia's construction sector is in a high growth trend, driven by the Kingdom's visionary leader, and Vision 2030. @Rmw61$cRbCBV08E+B4ZEH~_g4HqV hS6}m5D XlI;8tmn_K 6A&2ya| 'Qxf^ 2}56d1QW:;'C2~vu7 x}rHMZ cjh#B>6/L\ z:>+A]C 2PSz4 cM1~:ffp|0}LD0?gwOrb4(|ZLr]&;9A9!O*zhX:av*7a=f]EY,t8!hZjUp("x 64NdWnOp00?O>(ps+YTw&i92Kka"g!#[,q){lNxJ8^d@Zgv]7mk\eXf'~p5~\;f9eNl _uUn;f~"g`$o6]r hMe2O/G 7w]nv/elW9 0000037935 00000 n %PDF-1.4 % 0000052332 00000 n MEED | Saudi Arabia Construction Cost and Outlook Report Move into your first office, find a new one with room to grow, or develop a complete location strategy. The KSA construction market is anticipated to grow by 2.9% in 2021. Saudi Arabia is forecast to spend between $180 million and $220 million on all categories of construction in 2023. 0000009488 00000 n The implementation of restrictions in the Kingdom led to targeted government cost-saving measures, including reduced expenditure on giga-project investment. Sign up today for your free Reader Account. 0000058653 00000 n While the recovery for the region remains positive, considerable caution is required. Our technical experts and visionaries harness the power of technology to deliver transformative outcomes. As the global economy continues to face considerable headwinds amidst a year of positive market growth, the risk of a global recession lingers as geopolitics, energy and economic shocks are sustained. Construction Cost Benchmarking amid Price Volatility %PDF-1.4 % We take our responsibility to protect the personal information provided to us seriously. I would like to receive communications from JLL. Approximately 70% comprise construction sector projects with residential, cultural, leisure, and hospitality as sub-sector leaders, which is the driving force behind the Vision 2030 strategy. 0000002093 00000 n 0000101678 00000 n 0000027747 00000 n <<1EF90807A9A58C4690B016ED39FDA66B>]/Prev 132595/XRefStm 1900>> For more information about how JLL processes your personal data, please view ourprivacy statement. Saudi Arabia Construction Market Report 2021 - Industry Sales of real estate by corporates and owner-occupiers in EMEA raised 25.6 billion in 2022 as disposals of owned properties remain an attractive and viable route to raising capital. 0000037709 00000 n 0000128018 00000 n Soaring construction costs, land speculation, lack of bank financing and poor government assistance have aggravated. The construction activity within Buildings, Infrastructure, Industrial, Power & Water, Oil & Gas sectors are explained with major events. The Saudi Arabia Construction Cost and Outlook report also investigates the demand for rebar in Qatar from 2012-17. As of October 2022, KSA holds a 35% market share with a recorded $31 billion worth of contract awards against an overall MENA total of $87 billion as tracked by MEED Projects. 0000115554 00000 n KSA construction cost benchmarking report Q2 2021 15 July 2021 The latest construction cost benchmarking report for Saudi Arabia is now available for download. 0000022380 00000 n PIF and its subsidiary companies are shaping the future of Saudi Arabia. Positive outlook Market size of smart HVAC for homes in Saudi Arabia 2012-2022. . Construction Costs. Our global sectors. Saudi Arbia's construction sector is in a high growth trend, driven by the Kigdom's visionairy leader, and Vision 2030. Rates exclude: Contingency Inflation beyond Q1 2020 Soft costs such as but not limited to: professional fees, local authority fees, legal fees, sales and marketing costs or pre-opening costs Land costs Finance costs Retail Banker International Asia Trailblazer Summit and Awards, Private Banker International Summit and Awards, Saudi Arabia Construction Cost and Outlook report, Bidders submit proposals for major Aramco PPP project, Neom selects Petrojet for water transmission project, Baghdad approves funds for metro and airport projects, Egypt names groups that can bid for desalination contracts, Top 11 UAE organisations with the healthiest workplace, Join our webinar on developing captive power, Join our webinar on delivering energy-efficient buildings, View our webinar on the outlook for the Mena energy sector, Project quality key to driving growth and attracting investment, The costs of main construction materials, equipment, labour and fuel for KSA, Qatar & UAE, Existing cement production and future facilities, Existing rebar production and future distribution facilities in Qatar, The updated Tender Price Index forecast for KSA, Qatar & UAE, Track the actual construction cost for building projects in the UAE, Qatar and Saudi Arabia, Track actual component costs such as concrete, reinforcing steel and otheritems, Forecast into five years of construction costs in the UAE, Qatar and Saudi Arabia, Provide location cost comparison factors for multiple cities, Forecast industry spend across the GCC which affect pricing, Build customised indices relevant to their project, Qatar Construction Cost and Outlook Report 2012, Saudi Arabia Construction Cost and Outlook Report 2012. Manufacturing Facility (50,000 150,000 SF, 5 10 miles from city center, excludes manufacturing equipment) $68 to $112 per SF / $732 to $1,205 M2, Food Production / Dairy Facility (45,000 200,000 SF, 5 10 miles from city center, (excludes refrigeration equipment & tri-clover SS process piping systems) $87 to $149 per SF / $936 to $1,603 M2, Warehouse / Logistic Center (35,000 250,000 SF, 5 10 miles from city center) $64 to $110 per SF / $689 to $1,184 M2, High Rise Apartments 5 10 Floors (Private, 5 10 miles from city center) $100 to $167 per SF / $1,076 to $1,797 M2, 3 5 Story Hotel (2 3 Star, 5 10 miles from city center) $105 to $172 per SF / $1,130 to $1,850 M2, 3 5 Story Office (Air Conditioned, 5 10 miles from city center) $108 to $178 per SF / $1,162 to $1,915 M2, Shopping Mall (150,000 350,000 SF Minimal Fit Out), 10 miles from city center $85 to $133 per SF / $915 to $1,431 M2. 0000055644 00000 n We support our clients wherever they need us. Currie & Brown reflects this by offering services addressing every aspect, from concept, design and construction through to the assessment of best-value options for ongoing use, maintenance and operation. 0000021920 00000 n In 2021 the industry is showing signs of recovery with a busy project tender market generated from the Vision 2030 program. 'm uSPMHephlWZR+M:typ;^n$@19eLcJl'dD;$X)IuNefQ]y3.GE*'(&n9fdxmf~TW^2^xhRc#{lc`CX@V*Kr mhlR=_4cp]9hVJ4#>=t You can do this here. 0000106311 00000 n 0062.92.227.B.01. 0000044768 00000 n 0000027207 00000 n Uncover investment opportunities and capital sources all over the world. 379 76 Cost of construction to rise by a further 8-9% by . MEED Cost Indices can alsohelp you to minimise your financial risk on projects through a series of new construction cost reports covering the UAE, Qatar and Saudi Arabia. startxref 0000025091 00000 n The latest construction cost benchmarking report for Saudi Arabia is now available for download. hbbbd`b``3 A,0 d- 0000113392 00000 n 0000115180 00000 n endstream endobj 453 0 obj <>/Filter/FlateDecode/Index[10 369]/Length 35/Size 379/Type/XRef/W[1 1 1]>>stream Whilst one can use the adjacent table as a guide, accurate cost modelling and benchmarking requires a detailed analysis of historical and current projects . 0000070110 00000 n The government continues to maintain its commitment towards its Vision 2030 goals, particularly in sectors such as the housing program, infrastructure, renewables, water projects, while allocating contingent funds towards addressing the risks related to the pandemic. 0000085004 00000 n Dublin, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The "Saudi Arabia Construction Outlook - Dec 2022" report has been added to ResearchAndMarkets.com's offering. 0000002536 00000 n 0000020742 00000 n 0000115994 00000 n Your username or password is invalid. We are 36,000 people active in over 70 countries. Benchmarking is basically the major benchmark components to be analysed.investigating & researching historical Phase 2: Document and compile a list of the costs & performance, a benchmark was major cost / performance drivers, key component master masons datum point or mark on and collect performance and specific historical cost At AECOM, we believe infrastructure creates opportunity for everyone. Uncover investment opportunities and capital sources all over the world. 0 Middle East Property and Construction Handbook. 0000014716 00000 n Published by Statista Research Department , Jan 3, 2023. 2022 UAE Construction Industry Databook Series Report 0000073516 00000 n 0000053051 00000 n Please get in touch! 0000091166 00000 n 0000056463 00000 n 0000013300 00000 n Implement tools, processes and strategies that improve the value and performance of your real estate. Alternative procurement routes being considered to manage risk of tender price inflation for major works. Copyright2023 Jones Lang LaSalle IP, Inc. This valuable risk assessment tool covers the UAE, Qatar and Saudi Arabia. 0000002156 00000 n Saudi Arabias construction sector remains strongest market across the MENA region: JLL. Data centre cost index 2022 | Turner & Townsend Construction output growth in KSA is anticipated to rise by 3.2% in 2022, with a further annual average growth rate (AAGR) of 4% between 2023 to 2026 as indicated by Global Data. There was an error submitting the form. Generally the personal information we collect from you are for the purposes of dealing with your enquiry. We also help to build careers. We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. The Saudi Arabia Construction Cost and Outlook report reviews the change in global commodity prices over the last decade and the main econometrics that have a strong correlation to changes in historical costs for each of the GCC countries. The report highlights construction activity in the Kingdom of Saudi Arabia in 2022 as well as how the industry is expected to take shape in 2023. We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. 0000000016 00000 n 0000123992 00000 n PIFs development strategy is providing growth opportunities to Saudi local real estate developers. 0000101321 00000 n Our full privacy policy can be found here, KSA construction cost benchmarking report Q2 2021, Sustainable and ethical business practice, Graduate programme in the Kingdom of Saudi Arabia, Graduate programme in the United Arab Emirates, I have read and agree to the privacy policy. The Saudi Construction Industry ranks high among the world's largest construction markets. 0000092074 00000 n

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