Strength of the Saudi Arabian Economy:
Construction Segment

Saudi Arabia (KSA) is an increasingly attractive investment destination with the Kingdom’s economy ranked 16th among G20 countries and 18th globally, with a GDP of $1.01 trillion in 2022 according to IMF estimations. The KSA, along with the broader Middle East and North Africa (MENA) region, is expected to witness high growth in the construction segment and the construction- related chemicals segment due to investment in the Mega and Giga Infrastructure projects, which was accelerated by government infrastructure spending. This executive brief will provide insight into how the Kingdom of Saudi Arabia’s economy is growing and, specifically in the Active Pharmaceutical Ingredients industry.