Saudi Arabia Green Buildings Market Size

Saudi Arabia Green Building Material Market Future Prospects

The Saudi Arabian green building market will generate an estimated revenue of USD 16.4 billion in 2024, which it is expected to witness a CAGR of 12.3% during 2024–2030 to reach USD 33.0 billion by 2030. The growth of the market is proportional to the rapid increase in population and rise in concerns for the environment and sustainability. This has led the country to shift toward energy-efficient buildings, which directly increases the adoption of green building materials.

The government is implementing norms and regulations regarding the construction of buildings using sustainable and eco-friendly materials.

For instance, the Kingdom of Saudi Arabia (KSA) has a MOSTADAM certification for its green building rating system. This includes a number of essential sustainability dimensions that are fundamental to KSA's identity. The Saudi Green Building Code (SgBC 1001) essentially mandates the execution of buildings according to the provision of minimized ecological footprint-boosting sustainability initiatives.