RIYADH, UAE — Saudi Arabia, in bid to diversify its economy and reduce its dependence on oil revenues, has awarded construction contracts worth a staggering $250 billion since 2016 as part of its ambitious Vision 2030 strategy.
The kingdom, which was the fastest-growing G20 economy in 2022, has implemented several reforms and initiatives to move away from its traditional oil-based economy. The massive investment in construction is seen as a significant step in realizing the goals of Vision 2030.
Discover how Saudi Arabia is reshaping its future with a staggering $250 billion in construction deals! From Vision 2030 to $1.25 trillion in real estate and infrastructure projects, the latest TRENDS infographic dives into the kingdom’s ambitious transformation.
