KSA has undergone a huge transformation over the years and the country’s Public Investment Fund (PIF) is crucial to the government’s economic reform initiative as it looks to wean the economy off its heavy reliance on oil revenues as part of its Vision 2030. The 2023 budget reflects the kingdom’s commitment to structural reforms financially and economically (private sector participation along with the PIF to develop the real economy). KSA’s construction industry ranks high among the world's largest construction markets. The government continues to maintain its commitment towards its Vision 2030 goals, especially in sectors such as the housing program, infrastructure, renewables, and water projects.
This Ventures Onsite report provides insights into KSA’s economy, budget, construction industry and its sectors, and major projects.