Saudi Arabia MEP Services Market Future Prospects
The Saudi Arabian MEP services market will generate an estimated revenue of USD 13,205.6 million in 2024, and it is projected to witness a CAGR of 13.3% during 2024–2030, reaching USD 27,485.5 million by 2030. Due to the numerous construction projects that center around various services linked to building systems and infrastructure, MEP services are expected to have substantial growth and promising potential in the upcoming years. A substantial amount of money is being spent on infrastructure in numerous industries, which will propel the demand for MEP services throughout the nation.
Moreover, advanced technologies, such as building information modeling (BIM) and automation systems, are enhancing the management, efficiency, and affordability of MEP services.
In April 2024, Jordan-based Construction Management Associates (CMA) introduced a design-build management service for contractors in Saudi Arabia. This will help contractors make designs for their projects and ensure their constructability, accuracy, and completeness. It also aids in communication and coordination among parties on a project.