NMSC Platform Ranks Top 7 Arab Countries by Infrastructure Investment for 2024
The NMSC platform has established a list of the top 7 Arab countries with the highest investment in infrastructure for 2024.
1. Saudi Arabia
Saudi Arabia leads the list with a total budget of $358 billion, of which $10.1 billion is dedicated to infrastructure and transportation, representing 2.8% of its GDP.
2. Qatar
Qatar follows in second place with a total budget of $55.4 billion, of which $6.2 billion is allocated to infrastructure, covering municipality, environment, and transportation.
3. United Arab Emirates
The United Arab Emirates occupies the third position with a federal budget of $17.9 billion, including $708 million for infrastructure, accounting for 4% of its total budget.
4. Oman
Oman ranks fourth with expenditures of $2.96 billion, representing 9.8% of its total budget.
5. Kuwait
Kuwait comes in fifth with a total budget of $79.9 billion, of which $13.3 billion is dedicated to infrastructure.
6. Morocco
In sixth place, Morocco has planned a budget of $63.8 billion, including $33.4 billion for infrastructure projects.
7. Jordan
Finally, Jordan ranks seventh with a budget of $17.42 billion, of which $644 million is allocated to infrastructure and local development.
According to data provided by the NMSC platform, the Middle East construction market reached a value of $298 billion in 2023. This sector is expected to continue growing and reach $401 billion by 2030, representing an annual growth rate of 2.9%.
