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Yahoo
06-06-2025
- Business
- Yahoo
Saudi Arabia Landscaping Market Grows to $2.50B as Giga Projects Expand
The KSA landscaping market sees a rise to USD 2.50 billion, supported by major developments like NEOM and the Red Sea Project. Urbanization in Riyadh and Makkah, coupled with initiatives like the Riyadh Green Initiative, fuel demand. Challenges include water scarcity and skills gap, met with opportunities in climate-responsive landscaping and smart irrigation solutions. Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Landscaping Market Outlook to 2029" has been added to offering. The Kingdom of Saudi Arabia (KSA) Landscaping Market is experiencing remarkable growth, valued at USD 2.50 billion, reflecting increased investments in public infrastructure and private residential projects. The sector's growth is fuelled by large-scale projects like the Red Sea Project, NEOM, and King Abdullah Financial District. The expanding pipeline of giga projects and mixed-use developments continues to propel the demand for landscaping across the kingdom. In particular, the Riyadh Province and cities like Makkah and Jeddah are at the forefront of this expansion. High urbanization rates, substantial hotel developments, and commercial growth in these areas have significantly boosted the demand for green spaces and water-efficient outdoor amenities. Makkah alone contributes 85,000 hotel room keys under development. Initiatives such as the Riyadh Green Initiative aim to plant 7.5 million trees, enhancing the region's landscaping projects and drawing attention from public and private sector contracts. Landscaping companies in Saudi Arabia navigate regulatory frameworks established by the Ministry of Municipal, Rural Affairs, and Housing and adhere to guidelines from the Saudi Contractors Authority. New policies, including the 2.5% white land tax, incentivize urban development, while further initiatives support the Vision 2030 goals of increasing green space per capita, emphasizing environmental sustainability. Contractual regulations mandate performance bonds, insurance guarantees, and restrictions on subcontracting. KSA Landscaping Market Segmentation By Product Type: The market covers categories such as Hardscaping, Softscaping, Lighting and Water Features, and Green Infrastructure. Hardscaping is prominent due to infrastructure projects like NEOM and Diriyah Gate, focusing on pathways, plazas, and long-lasting surfaces. By Service Type: It includes Design & Planning, Installation & Construction, and Maintenance & Irrigation Management. The arid climate necessitates robust maintenance and irrigation services, especially notable with large-scale hotel developments underway. KSA Landscaping Market Competitive Landscape The market is moderately fragmented, with a blend of local contractors and established engineering firms. Companies with expertise in smart irrigation, drought-tolerant designs, and involvement in giga-projects are gaining a competitive edge, as sustainability becomes a primary bid criterion. KSA Landscaping Market Analysis Growth Drivers Main drivers include the Vision 2030 Urban Greening Mandate and tourism-related aesthetic enhancements. Giant developments like NEOM require intricate landscaping in resorts and urban plazas, while the real estate expansion prioritizes greenery and eco-friendly solutions. Market Challenges Key challenges involve water scarcity and a shortage of skilled landscaping professionals. Successful projects depend on efficient irrigation and drought-resistant techniques, challenging the sector amidst labor constraints and a lack of specialized training programs. KSA Landscaping Market Future Outlook Projected to grow steadily over the next five years, the market will be driven by urban expansion, tourism beautification, and green infrastructure development. Companies focusing on native plant systems and integrated smart technology are poised to secure significant long-term contracts. Market Opportunities Climate-responsive landscaping, leveraging native plant solutions, and smart irrigation technologies present new opportunities. End-to-end solutions from green tech firms are becoming increasingly popular, especially for municipal and high-end real estate projects. Company Coverage: Nesma & Partners Rashid Trading & Contracting Company SALCO (Saudi Landscape Company) Zaid Alhussain Group Safari Group Key Topics Covered: 1. Executive Summary1.1. Market Overview of KSA Landscaping Market1.2. Ecosystem of Players in the Market2. KSA Landscaping Market Overview2.1. Growth in Commercial, Residential, and Public Projects2.2. Vision 2030 and Giga Project Landscaping Demand2.3. Tourism-Driven Outdoor Aesthetic Development2.4. Urban Greening and Government Spending Initiatives2.5. Smart Irrigation and Sustainability Trends3. KSA Landscaping Market Sizing3.1. Market Value 2024 and Forecast to 20303.2. CAGR Analysis by Revenue Type (Products & Services)3.3. Regional Demand Breakdown - Riyadh, Makkah, Tabuk3.4. Application-Wise Landscape Demand (Public, Commercial, Residential)4. KSA Landscaping Market Segmentations4.1. By Revenue Type4.2. By Product Type4.3. By Service Type4.4. By Application4.5. By Region5. Competitive Landscape5.1. Competitive Overview5.2. Cross-Comparison of Key Players6. Market Growth Drivers6.1. Vision 2030 Urban Greening Mandates6.2. Tourism and Giga Project Development6.3. Real Estate and Mixed-Use Landscaping Demand7. Market Challenges7.1. Water Scarcity and Irrigation Dependency7.2. Workforce Skill Gap in Design and Execution8. Future Outlook8.1. Market Evolution to 20308.2. Role of Sustainability and Green Technologies9. Market Opportunities9.1. Demand for Native and Xeriscape Landscaping9.2. Integration of Smart Irrigation Systems10. Scope of the Report10.1 By Revenue Type10.2 By Product Type10.3 By Service Type10.4 By Application10.5 By Region For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
05-06-2025
- Business
- Yahoo
Competitive Intelligence in Saudi Arabia's Cementitious Flooring Sector: Featuring Industry Leaders BASF, Sika, Mapei, Ardex Group, Flowcrete Group, LafargeHolcim, USG and RPM International
The Saudi Arabia Cementitious Flooring Market is expanding rapidly, driven by construction and infrastructure growth under Saudi Vision 2030. Key opportunities include the demand for durable, low-maintenance, and eco-friendly flooring solutions, aligned with modern design trends and government-led urban and industrial projects. Saudi Arabian Cementitious Flooring Market Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Cementitious Flooring Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia Cementitious Flooring Market was valued at USD 189.4 Million in 2024 and is expected to reach USD 259.04 Million by 2030, rising at a CAGR of 5.20%. The Saudi Arabia Cementitious Flooring Market is experiencing significant growth driven by the rapid expansion of the construction and infrastructure sectors. Cementitious flooring, known for its durability, low maintenance, and aesthetic versatility, is becoming increasingly popular in both residential and commercial projects. The market benefits from the ongoing development initiatives under the Saudi Vision 2030, which emphasize large-scale urban development, industrialization, and infrastructural advancements. Cementitious floors are widely used in high-traffic areas, such as warehouses, factories, shopping malls, and residential buildings, due to their ability to withstand wear and tear while offering a cost-effective solution. Key factors propelling market growth include the growing demand for sustainable and eco-friendly construction materials, as cementitious flooring is typically made from natural ingredients and requires minimal upkeep. Additionally, the increasing trend of modern and minimalist interior designs is fostering the demand for cement-based finishes. Government-led initiatives to diversify the economy and promote real estate and industrial sectors further support the adoption of these flooring solutions. The market is also bolstered by technological advancements in flooring materials, such as self-leveling compounds and decorative finishes, which provide enhanced performance and aesthetic appeal. As the country continues to invest in construction projects, the cementitious flooring market in Saudi Arabia is poised for continued expansion. Key Market Drivers Growing Construction and Infrastructure Projects One of the primary drivers of the Saudi Arabia Cementitious Flooring Market is the rapid expansion of construction and infrastructure projects, fueled by the Saudi Vision 2030 initiative. The Kingdom's push to diversify its economy and invest heavily in large-scale infrastructure projects, such as roads, airports, housing, and industrial facilities, has significantly increased the demand for durable and cost-effective flooring solutions. In 2024, the construction industry in Saudi Arabia is expected to grow at a rate of around 4.2%, with major projects like the NEOM city, Red Sea Project, and expansion of Riyadh and Jeddah contributing to this growth. Cementitious flooring, known for its strength, durability, and low maintenance, is increasingly being adopted across these developments due to its ability to withstand heavy foot traffic and industrial activities. For instance, cementitious floors are ideal for commercial buildings, factories, and warehouses, all of which are on the rise in line with these development goals. Key Market Challenges Price Volatility of Raw Materials One of the major challenges facing the Saudi Arabia Cementitious Flooring Market is the price volatility of raw materials used in manufacturing cementitious flooring solutions, such as cement, aggregates, and additives. The fluctuation in the cost of raw materials directly impacts the overall production costs and, consequently, the pricing of the final product. The global cement market has been experiencing price increases due to supply chain disruptions, geopolitical tensions, and higher demand from emerging markets, which has affected the cost structure of cementitious flooring manufacturers in Saudi Arabia. For instance, the price of cement increased by approximately 5-7% in 2023, largely due to disruptions in global supply chains and increased transportation costs. These cost increases can result in higher prices for cementitious flooring products, potentially making them less competitive compared to other flooring materials. Moreover, sudden spikes in raw material costs can challenge manufacturers in maintaining consistent pricing for their customers, impacting demand, especially in a price-sensitive market. This volatility can also strain profit margins for flooring producers, as they may be forced to absorb higher costs or pass them on to end consumers, which could reduce overall market growth. Key Market Trends Increasing Demand for Sustainable and Eco-Friendly Flooring Solutions A significant trend shaping the Saudi Arabia Cementitious Flooring Market is the growing demand for sustainable and eco-friendly building materials, including cementitious flooring. As global environmental concerns continue to rise, consumers and builders alike are increasingly seeking flooring solutions that have minimal environmental impact. Cementitious flooring is seen as a sustainable option due to its use of natural raw materials, reduced energy consumption during production, and low maintenance requirements. Additionally, many cementitious flooring solutions, such as those with eco-friendly additives and low-carbon footprint products, align with the Saudi government's green building initiatives under Vision 2030, which emphasizes sustainability in construction practices. The trend towards sustainability is further amplified by the region's increasing commitment to sustainable urban development and its efforts to reduce carbon emissions. Cementitious floors, known for their durability and long lifespan, contribute to less frequent replacements, thereby reducing waste generation. The shift toward energy-efficient and resource-conscious building materials in both residential and commercial projects has boosted the adoption of cementitious flooring, which is increasingly being integrated into new developments, especially in green-certified buildings and projects looking to attain LEED (Leadership in Energy and Environmental Design) certifications. This trend is expected to continue as environmental awareness grows, positioning cementitious flooring as a preferred choice in the eco-conscious market. Key Market Players BASF Sika Mapei Ardex Group Flowcrete Group LafargeHolcim USG RPM International Key Attributes: Report Attribute Details No. of Pages 81 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $189.4 Million Forecasted Market Value (USD) by 2030 $259.04 Million Compound Annual Growth Rate 5.2% Regions Covered Saudi Arabia Report Scope: In this report, the Saudi Arabia Cementitious Flooring Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Saudi Arabia Cementitious Flooring Market, By Type: Epoxy Polyurethane Acrylic Others Saudi Arabia Cementitious Flooring Market, By Application: Indoor Outside Saudi Arabia Cementitious Flooring Market, By Region: Riyadh Makkah Madinah Jeddah Tabuk Eastern Province Rest of Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Cementitious Flooring Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
An early Joby Aviation backer might soon be its biggest distributor in Saudi Arabia
Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years. If finalized, the partnership could provide Joby with a fast path to monetizing its electric vertical takeoff and landing vehicles in Saudi Arabia. 'A question that folks have asked is, how are you going to monetize, and how quickly is that going to happen?' Paul Sciarra, the executive chairman of Joby's board who's most known for co-founding Pinterest, told TechCrunch. 'And I think what this shows is that with direct sales, there is a way to get to scale earlier for lower cost by thinking about distributor partners in given geographies. And this is the first of what we hope are a number of announcements on that front.' The two companies on Tuesday signed a memorandum of understanding (MoU) to explore a distribution agreement. And while an MoU is not exactly a signed and sealed deal, sources familiar with the agreement say they'll be able to share more concrete details later this year. The deal would be among the first instances of an eVTOL startup landing a distributor partner for their aircraft. Joby also plans to own and operate its own aircraft in the U.S. and other markets, and partner with airlines and other carriers in countries like Japan. Sciarra said ALJ is an ideal partner for a number of reasons, including the fact that the company's relationship with Toyota — which just closed the first $250 million tranche of its total $500 million investment into Joby — runs deep. ALJ became the exclusive distributor of Toyota in Saudi Arabia in 1955 and grew to be one of the world's largest independent Toyota and Lexus distributors. ALJ also participated in Joby's 2020 Toyota-led Series C funding round. Beyond their mutual ties, Sciarra says ALJ has 'a lot of the infrastructure on the ground, not only for the sales process, but also for the support, pilot training, and maintenance.' 'That's all going to be critical to actually making sure that the sales are not just cut, but are successful over the long arc,' Sciarra told TechCrunch. He noted that as an 80-year-old network of diversified businesses, ALJ is also close with the Saudi Arabian government and a number of potential customers, including restoration and tourism projects like the Red Sea Project and the AlUla Project. Despite the promising partnership in Saudi Arabia, Joby's go-to-market strategy will still be to launch in Dubai next year, with a U.S. market to follow. 'What this shows is how we deepen the funnel beyond some of the initial markets,' Sciarra said. 'And this sort of structure, where we find the right local partner that can help us sell and support, is going to be a way that we get to geographies that may not be first on our list, but allow us to monetize them more quickly.' Joby's deal with AFJ comes amid unprecedented levels of cooperation between the U.S. government and Saudi Arabia in the realms of AI, technology infrastructure, and energy. Last month, Saudi Arabian firm DataVolt agreed to invest $20 billion in AI data centers and energy infrastructure in the U.S., and American tech giants like Google, Oracle, Salesforce, AMD, and Uber have pledged $80 billion toward transformative technologies in both countries, according to the White House.
Yahoo
27-05-2025
- Business
- Yahoo
Saudi Arabia Furniture Market Report 2025-2030: Demand for Eco-Friendly Materials Transforming Future Dynamics
Key opportunities in the Saudi Arabia furniture market include demand driven by urbanization, rising homeownership under Vision 2030, and interest in contemporary and customizable designs. Eco-friendly furniture is trending due to increased environmental awareness, alongside growth via e-commerce and hospitality sector needs. Saudi Arabian Furniture Market Dublin, May 27, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Furniture Market by Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to Saudi Arabia Furniture Market was valued at USD 7.23 Billion in 2024 and is projected to reach USD 9.48 Billion by 2030, rising at a CAGR of 4.62% The market's steady expansion is being driven by rapid urbanization, a youthful and growing population, and increasing demand for contemporary housing and interior design solutions. Major infrastructure projects such as NEOM and the Red Sea Project, under the Vision 2030 initiative, are significantly bolstering the real estate sector, thereby stimulating furniture demand. Rising disposable income and a noticeable consumer shift toward premium, multifunctional, and customizable furniture further support market growth. Additionally, Western lifestyle influences, the rise of e-commerce platforms, and greater attention to home aesthetics are shaping evolving consumer preferences. Demand from the hospitality industry, spurred by tourism growth, is also creating robust opportunities for commercial furniture suppliers and international market entrants. Key Market Drivers: Increasing Homeownership Across the Region Growing homeownership is a pivotal factor fueling Saudi Arabia's furniture market. As part of the Vision 2030 agenda, the country aims to raise homeownership to 70%, and by 2023, the rate had already reached 63.7%. This increase has led to heightened furniture demand as more families and individuals invest in new homes. First-time buyers and young couples, especially those benefiting from government housing programs, are actively furnishing their residences, often shortly after moving in. The cultural value placed on well-furnished homes and modern interiors also plays a role, as does the growing formation of nuclear households. This surge in new homeowners is creating sustained demand across a range of furniture categories and contributing to the sector's long-term expansion. Key Market Challenges: Fluctuating Prices of Raw Material Volatile raw material prices remain a significant hurdle for the Saudi furniture market. Key materials such as wood, textiles, metals, and foam are susceptible to global supply chain disruptions, currency fluctuations, and geopolitical developments, all of which can drive unpredictable cost spikes. These fluctuations raise production costs and complicate budgeting for manufacturers and retailers. Smaller businesses are particularly vulnerable, as they often struggle to absorb these costs without affecting pricing or profitability. Additionally, the industry's dependence on imported materials adds another layer of exposure to international trade dynamics and shipping delays. The resulting pricing instability disrupts inventory and pricing strategies, hindering competitiveness. While some firms are exploring alternative materials and local sourcing, managing input cost volatility continues to be a pressing concern. Key Market Trends: Increasing Demand for Eco-Friendly Materials The demand for eco-friendly furniture is gaining momentum in Saudi Arabia, driven by growing environmental awareness and a shift toward sustainable living. Consumers are increasingly prioritizing furniture made from natural, recyclable, and biodegradable materials. Products featuring reclaimed wood, organic fabrics, and low-impact finishes are gaining popularity, as buyers seek both style and environmental responsibility. This trend aligns with global sustainability efforts and is influencing product development, branding, and marketing within the furniture industry. Brands that adopt sustainable practices and highlight their use of green materials are gaining favor among consumers. As this preference for eco-conscious choices continues to grow, it is expected to foster innovation and further transformation in the Saudi furniture sector. Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $7.23 Billion Forecasted Market Value (USD) by 2030 $9.48 Billion Compound Annual Growth Rate 4.6% Regions Covered Saudi Arabia Report Scope Key Players Profiled in this Saudi Arabia Furniture Market Report: Arabian Furniture & Design Co Almutlaq Furniture Inter IKEA Systems B.V. Bold Bespoke Design Al Jedaie Office Furniture Al Wasad Furniture Saudi Modern Factory Jeraisy Furniture Factory Zivella Office Furniture Aflak Furniture Saudi Arabia Furniture Market, by Type: Home Furniture Office Furniture Hospitality & Institutional Furniture Saudi Arabia Furniture Market, by Raw Material: Wooden Metallic Plastic Others Saudi Arabia Furniture Market, by Point of Sale: Online Offline Saudi Arabia Furniture Market, by Region: Eastern Western Northern & Central Southern For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Furniture Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-05-2025
- Business
- Time of India
FIFA World Cup 2034: Saudi Arabia puts an end to 70-year-long ban on alcohol in some tourist areas
2034 FIFA World Cup in Saudi Arabia (via Getty Images) Saudi Arabia has decided to partially roll back its decades-long ban on alcohol starting in 2026. This is a major cultural revolution as the kingdom lays the groundwork to receive global tourists for the 2034 FIFA World Cup. The change, as part of the overall Vision 2030 initiative, will permit the sale of alcohol in upscale places such as hotels, restaurants, and cafes, breaking a 73-year ban in one of the world's most religiously conservative countries. Saudi Arabia's alcohol restrictions relaxed in tourist areas in advance of hosting international events What Saudi Arabia's 2034 World Cup Will Look Like In a groundbreaking policy move, the Saudi Arabian government officially agreed to allow licensed luxury venues to serve alcohol for the first time from 2026. Strictly regulated and restricted to certain domains such as upscale hotels, luxury resorts, and global tourism hubs like Neom, Sindalah Island, and the Red Sea Project, the move comes as a part of Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to diversify its economy, attract international investment, and promote the tourism value of the country for mega events such as Expo 2030 and the FIFA World Cup 2034. Allowed drinks under the new law will be beer, wine, and cider, while spirits and hard liquor will not be allowed. Notably, drinking alcohol will still be prohibited in private premises, public spaces, and unlicensed premises, and home brewing will still be illegal. To protect cultural norms, only licensed premises staffed by trained personnel will be permitted to sell alcohol. Measures in place for supervision will be systems of real-time reporting, certification of personnel, and severe punishment for violations. The transformation, say officials, is motivated by realistic economic aims: to attract more foreign tourists, encourage foreign investment, and provide jobs in the hospitality and service industries. A number of international hotel companies that have already established themselves in the kingdom are already making their preparations for the rollout, predicting increased room occupancy and wider international appeal. Also read: FIFA under fire for ignoring human rights concerns before 2034 World Cup in Saudi Arabia Even with loosened controls, Saudi officials emphasized that any infractions—including unauthorized use, resale, or transport — will have legal repercussions, reaffirming their dedication to upholding traditional values in the face of economic modernization. Though alcohol will still be restricted and under tight control, the policy change indicates the kingdom wishes to embrace international standards before hosting some of the world's largest events—all while preserving its cultural heritage. Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
