GCC Construction Market Expected to Grow at a CAGR of 5.1% during 2024-2032
Construction Market in GCC 2024: How Big is the GCC Construction Industry? The GCC construction market size reached USD 140 Billion in 2023 . Looking forward, IMARC Group expects the market to reach USD 219 Billion by 2032 , exhibiting a growth rate (CAGR) of 5.1% during 2024-2032 . The market is expanding due to large-scale infrastructure projects, government initiatives, and increased investments in sustainable developments. Market Statistics Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Size in 2023 : USD 140 Billion Market Size in 2032 : USD 219 Billion Market Growth Rate (CAGR) 2024-2032: 5.1% GCC Construction Market Trends and Drivers: A high investment in large-scale infrastructure projects as well as initiatives by government authorities aimed at economic diversification are the factors responsible for the...