In the past few years, most of the industrial growth in Saudi Arabia has been led by the construction and cement, metals and mining, and petrochemicals and refineries sub sectors, among others. The government’s plan for economic diversification, including investments in large infrastructure projects such as the six economic cities, is one of the key drivers of growth in the industry sector. Saudi Arabia has a large local population base which is growing at over 2% per annum, which will also drive the demand for better infrastructure including housing.
