The prefabricated construction market size is poised to grow in Saudi Arabia in 2023
In Saudi Arabia, the modular construction industry is poised to record strong growth over the next five years. The prefabricated construction market size is expected to reach SAR 14.5 billion in 2023, according to ConsTrack360 estimates. This growth will be driven by the increasing investment led by domestic and global construction firms in the Saudi Arabian market in 2023. · AMANA, one of the leading construction firms in the Kingdom, announced the opening of a new factory in Rabigh for modular construction in March 2023. With the new facility, AMANA aims to further consolidate its position in the modular construction segment in the Kingdom. The establishment of the new factory is a response to the increasing demand for offsite manufacturing technologies, facilitated by DuBox, a subsidiary of AMANA. Furthermore, ConsTack360 expects the new manufacturing facility to play a pivotal role in the successful delivery of several am...