Saudi Arabia’s construction sector was booming in 2020, with a pipeline of projects worth a staggering trillion dollars. However, when the pandemic hit, it caused massive disruption with work stoppages, cash flow squeezes, project delays, and supply chain disruptions.

In 2021, the Saudi economy is expected to recover as global conditions improve and the COVID-19 vaccine becomes increasingly available. While this recovery is undoubtedly good news, it also poses the question about what comes next for the construction sector in the Kingdom. The government aims to boost the role of the private sector by prompting private investment in manufacturing, tourism, and renewable energy, which opens the door to the implementation of parallel reforms that will encourage private sector investment.

With the PIF also aiming to inject $40 billion into the economy between 2021 and 2022, additional investment and growth can be expected, making Saudi Arabia one of the most important and influential markets in the region.