Saudi Arabia Fencing Market Analysis
The Saudi Arabian fencing market will generate USD 831.3 million revenue in 2024, and it is projected to witness a CAGR of 5.2% during 2024–2030, reaching USD 1,125.9 million by 2030. This is due to the rapid urbanization, burgeoning infrastructure development projects, and increasing emphasis on security. The population is rising along with city expansion, which has increased the demand for fencing in residential, commercial, and industrial areas to increase privacy as well as security.
Several countries, such as Yemen, Oman, the U.A.E., Qatar, Bahrain, Kuwait, Iraq, and Jordan, border Saudi Arabia. This increases the importance of fencing for protecting the country and restricting cross-border movements, which, in turn, boosts the market growth.
In March 2023, Saudi Arabia decided to seal off its border with Yemen, by making a 900-km fence, due to several years of attack on the energy infrastructure in the country and war with Iranian-backed Houthi insurgents.