Saudi Arabia's infrastructure contract explosion, partnership with Ukraine for post-war reconstruction, reshaping global building materials market

Saudi Arabia's infrastructure contract explosion, coupled with Ukraine's post-war reconstruction, reshapes the global building materials market, reversing the overcapacity of the building materials industry, and the building materials industry may enter an explosive period.

2023 is the first year of Saudi Arabia's overseas infrastructure development, and 2025 is the year of explosive growth. According to official data from the Saudi government, 2025 can be considered the "peak year" for Saudi construction contracting and building materials demand!

This year, the Saudi infrastructure market is expected to reach an unprecedented scale, with the number of contracts reaching its highest level before 2033. The annual engineering contracting market is expected to reach $149.5 billion, making it a "super feast" in the infrastructure field. It is expected that the average annual growth rate of the construction industry will reach 5.1% from 2025 to 2028, thanks to investment in oil and gas projects and the government's "2030 Vision" goal of attracting 150 million tourists. As of June 2024, Saudi Arabia has 255 tourism infrastructure projects with a total value of 6.4 trillion Saudi riyals (1.7 trillion US dollars).

The post-war reconstruction of Ukraine has brought a construction market of 570 billion dollars. The reconstruction of the United States and the the Belt and Road continue to promote the complete reversal of global infrastructure. Sinoma Technology is about to usher in a highlight moment. In 2025, its performance will grow significantly and its holdings will increase strongly.