- AstroLabs, the Gulf’s leading business expansion platform has released a construction sector guidebook based on its experience of expanding over 100 global and regional industry leaders into Saudi Arabia
- The guidebook maps 30+ regulations, licenses, and stakeholders, providing a roadmap for navigating permits and key players in Saudi Arabia’s construction sector – fast-tracking market expansion of construction-focused companies into the Kingdom
- It is the first of its kind to provide businesses with a comprehensive resource that outlines the Saudi market expansion roadmap
- Saudi Arabia leads the region with 39% of the project pipeline, including 5,200 active projects worth $819 billion, with a total pipeline projected at $1.5 trillion
Riyadh, Saudi Arabia, November 25, 2024: AstroLabs, the Gulf’s leading business expansion platform, has released its latest guidebook to empower construction companies to fast-track their market entry to Saudi Arabia.
Over the last decade, construction has experienced sustained growth and increased diversification, becoming one of the fastest-growing economic sectors in Saudi Arabia. Currently, the Kingdom holds 39% of the region’s project pipeline and is leading the region in this sector.
Titled “Saudi Construction Boom: Building a Future of Growth and Prosperity,” this guidebook represents a significant milestone as it is the first of its kind to provide businesses with a comprehensive resource that outlines the Saudi market expansion roadmap.
Mapping a total of 30+ regulations, licenses, and stakeholders, it offers a complete overview of the key players shaping the sector and detailed guidance on acquiring essential permits and licenses for high-growth businesses to enter the construction sector in Saudi Arabia.
The guidebook was meticulously curated based on the extensive expertise of the AstroLabs team in expanding over 100 global & regional industry leaders to Saudi Arabia and its work with a wide array of public and private entities. Among these are CPG Corporation from Singapore, Waagner Biro Steel and Glass from Austria, and Grankraft from the UAE.
It comes within the framework of AstroLabs’ sector-building efforts to facilitate global companies’ access to information and necessary resources that support global companies in starting their ventures and exploring new horizons in the Saudi market.
The guide features an exclusive opportunity matchmaking blueprint tailored for businesses eager to explore the vast potential of the Red Sea project, spanning a wide array of sub-sectors under construction.
Across the country, as many as 5,200 projects are currently underway across the Kingdom, with a total value of $819 billion. With a total pipeline of construction projects set to be $1.5 trillion, the sector has untapped significant potential for innovation and growth.
To date, the business expansion platform has facilitated the expansion of over 650 high-growth companies to Saudi Arabia across various industries, including construction. Click here to download the full guidebook.
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For media inquiries, please contact:
Lara Fakih, director of communications at AstroLabs (lara@astrolabs.com).
About AstroLabs
AstroLabs is the leading business expansion platform in the Gulf, propelling high-growth companies across strategic industries. With a decade of supporting economic development in emerging markets, AstroLabs is the partner of choice for over 1,650 companies that have expanded across the region, engaging a vibrant network of 10,000+ market leaders in the UAE and KSA.
Bridging key gaps in fundamental industries in the Gulf, AstroLabs designs sector-focused and outcome-driven programs in partnership with government entities and the private sector. AstroLabs is committed to building the future of key sectors, driving market access, and contributing to regional visions like Saudi Vision 2030.