Saudi Arabia Real Estate Tenders

Booming growth: The Saudi Arabia real estate market is expected to reach $94.19 billion by 2028, with a CAGR of 7.89%. This strong growth is driven by factors like a growing population, rising disposable incomes, and government initiatives like Vision 2030.
Diversified sectors: The market is experiencing growth across residential, commercial, and hospitality sectors. Residential transactions totaled 175,067 in 2023, while hotel occupancy rates in Makkah and Madinah soared above 70%.

Saudi Arabia Real Estate Government Procurement
Major player: The Saudi government plays a significant role in the real estate market, undertaking large-scale infrastructure projects and procurement initiatives.

Products and services: The government procures a wide range of real estate products and services, including:
Construction of residential units
Development of commercial spaces
Infrastructure projects like roads, bridges, and airports
Management and maintenance of government buildings

Top authorities: The main authorities for real estate procurement in Saudi Arabia include:
Ministry of Housing
Ministry of Finance
Public Investment Fund
Saudi Aramco

Top winners: Major companies winning government real estate projects in Saudi Arabia include:
Saudi Binladin Group
Al Rajhi Construction
Al Bawani
El Seif Engineering Contracting

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