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Construction & Engineering in The Kingdom of Saudi Arabia

Construction & Engineering in The Kingdom of Saudi Arabia. Khalid Al-AbdulKarim Chief Executive Officer Al-AbdulKarim Holding Company. Saudi Arabia 80+ Years of Economic Development. 1932 Saudi Arabia became a unified country 1930’s Oil discovered - first oil shipment

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Construction & Engineering in The Kingdom of Saudi Arabia

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  1. Construction & Engineering in The Kingdom of Saudi Arabia Khalid Al-AbdulKarim Chief Executive Officer Al-AbdulKarim Holding Company

  2. Saudi Arabia 80+ Years of Economic Development • 1932 Saudi Arabia became a unified country • 1930’s Oil discovered - first oil shipment • 1950’s Major oil fields discovered • 1960’s Crude oil facilities expanded • 1970’s Major gas projects undertaken • 1970’s Public infrastructure projects initiated • 1970’s Petrochemical expansion begins • 1980’s Continued infrastructure development • 2000 Crude Increments, offshore Gas Programs • 2011 Major petrochemical expansion

  3. Coming Soon - $625 Billion Expansion

  4. Saudi Infrastructure Market

  5. The 2012 Saudi Budget Expenditure $ 136 billion

  6. Investment opportunities in Housing $ 67 billion Support for housing sector. 500,000 housing units for citizens. Shortage of housing units would be bring down from 1.2 million to 700,000. The real estate loan increase from SR 300.000 to SR500,000

  7. Saudi Engineering Projects

  8. Saudi Construction – Infrastructure Projects

  9. The Kingdom's expanding financial policy The initiative of The Custodian of the Two Holy Mosques in 2009 that includes further implementation of government investment programs through allocating $400 billion on projects and basic services within five years. The Kingdom's adoption to the policy of increasing government spending in the budget over the recent years • The development of expenditures in the budget 2008 - 2012, (billion dollars)

  10. The Kingdom expenditures growth on construction projects 2006 - 2010 (billion dollars)

  11. Favorable conditions for the growth of the construction sector activitystability of inflation rates in the Kingdom, will encourage increased spending on projects without fear of inflationary pressures. (4.7% by the end of 2011).

  12. The stability of building materials prices which will increase the efficiency of investment and expenditure in the construction sector.The return of many of capitals for investment in the real estate sector due to the instability of the stock market and the world financial crises.The increased opportunities for the construction sector in the GCC countries due to the application of the full economic nationalization. Favorable conditions for the growth of the construction sector

  13. Projects approved in the new fiscal year budget - 2012 • Building 742 new schools. • Providing safety equipment for 2000 school buildings. • New buildings for departments of education and scientific centers • Establishing 40 new colleges. • Completing the establishment of university cities. • Completing the housing project for faculty members. • Completing the construction and equipping of primary health care centers. • Establishing 17 new hospitals and medical center, and completing 137 hospitals under construction.

  14. Projects approved in the new fiscal year budget - 2012 • King Abdullah projects for the reconstruction of Makkah. • King Abdullah Suburb projects in Jazan. • Asphalting, street lighting and drainage water projects. • Projects for waste disposal, filling swamps and the development of marine beaches. • Projects of establishing new roads (4200 km long). • New projects in industrial cities. • Projects to enhance water supply and sanitation.

  15. SADARADow Chemical / Saudi Aramco Joint Venture 2011 Dow Chemical and Saudi Aramco formally established SADARA which is slated to become one of the largest Integrated Petrochemical complex in the world

  16. YASREFSinopec / Saudi Aramco Joint Venture Saudi Aramco and China Petrochemical Corporation (Sinopec) signed Joint Venture agreement for ongoing development of Yanbu Aramco Sinopec Refining Company (YASREF). This agreement brings together two world-class companies to complete the construction and operate a highly competitive full conversion refinery in Yanbu.

  17. Typical Business Development Models

  18. In Summary. . . • Saudi Arabia’s economic development has been strong and steady and will continue to be so • Saudi Arabia offers long-term growth opportunities for companies with the right products and services • Attractive economic incentives are available when products are manufactured in Saudi

  19. Thank you . . . www.csc.org.sa Email: council@csc.org.sa

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