Rapid Urbanization and Growing Population is Expected to Drive the Benelux, Africa, and Saudi Arabia Construction Market

The Benelux region faces the challenge of accommodating an expanding urban population in a space-constrained environment. With cities such as Amsterdam, Brussels, and Luxembourg experiencing population surges, there is a pressing need for smart urban planning, high-density housing, and sustainable infrastructure. The emphasis is on green buildings, smart cities, and energy-efficient construction to support the region's commitment to environmental sustainability. In addition, the demand for office spaces, logistics hubs, and transport networks to facilitate economic growth further drives construction activities.

Africa is witnessing one of the fastest population growth rates globally, with urban centers expanding rapidly. Countries such as Nigeria, Egypt, Kenya, and South Africa are investing heavily in large-scale infrastructure projects, including roads, bridges, railways, and housing developments. The rising middle class and increasing urban migration are accelerating the need for affordable and high-quality housing solutions. Governments and private investors are focusing on Public-Private Partnerships (PPPs) to address the housing deficit while also improving essential services such as water supply, sanitation, and energy infrastructure.

Saudi Arabia's construction market is booming, fueled by the country's Vision 2030 initiative, which aims to diversify the economy beyond oil. The rapid urban expansion in cities like Riyadh, Jeddah, and NEOM—the futuristic mega-city project—is driving investments in residential, commercial, and tourism infrastructure. The government is investing in smart cities, transportation networks, and entertainment hubs to attract foreign investment and improve the quality of life for its growing population. In addition, large-scale housing projects are being developed to meet the demands of an expanding workforce and rising homeownership rates.

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Data Bridge Market Research analyzes that the Benelux, Africa, and Saudi Arabia Construction Market is expected to reach USD 816.84 billion by 2032 from USD 583.91 billion in 2024, growing with a substantial CAGR of 4.4% in the forecast period of 2025 to 2032.

Key Findings of the Study

Boost in Foreign Direct Investments (FDI) & Public-Private Partnerships (PPP)

These financial mechanisms are accelerating infrastructure development, urban expansion, and economic diversification, making these regions attractive destinations for global investors.

The Benelux region is leveraging FDI and PPPs to advance sustainable infrastructure and smart city projects. With a focus on green energy, transport, and digital infrastructure, the region attracts foreign investors seeking stable markets with strong regulatory frameworks. The Netherlands, for instance, has positioned itself as a hub for green construction, drawing substantial FDI in renewable energy projects and smart urban planning. PPP initiatives, such as Belgium’s ongoing transport and mobility upgrades, further drive the sector by enabling efficient collaboration between governments and private firms.

Africa’s construction sector is undergoing a rapid transformation, driven by growing FDI and PPPs that support large-scale infrastructure projects. Governments are actively seeking foreign investors to bridge infrastructure gaps in transportation, energy, and urban development. Countries such as Nigeria, Egypt, and Kenya are benefiting from Chinese, European, and Gulf investments in road networks, rail systems, and housing developments. The African Continental Free Trade Area (AfCFTA) further enhances investment opportunities by fostering intra-regional trade and connectivity. Through PPP models, African governments mitigate financial risks while ensuring sustainable project execution, attracting global construction giants eager to tap into the continent’s urbanization boom.

Report Scope and Market Segmentation

Segment Analysis

The Benelux, Africa, and Saudi Arabia construction market is segmented into five segments based on construction materials, construction type, project stage, ownership & investment model, and end-user sector.

• On the basis of construction materials, the Benelux, Africa, and Saudi Arabia construction market is segmented into concrete, steel, bricks & blocks, wood, asphalt, plastics & composites, glass, and others

In 2025, the concrete segment is expected to dominate the Benelux, Africa, and Saudi Arabia construction market

In 2025, the concrete segment is expected to dominate the market with a market share of 33.43% due to its cost-effectiveness, durability, and wide application in large-scale infrastructure projects. In addition, technological advancements in concrete, such as eco-friendly variants, further boost its demand.

• On the basis of construction type, the Benelux, Africa, and Saudi Arabia construction market is segmented into residential construction, infrastructure construction, industrial construction, commercial construction, and institutional & public construction

In 2025, the residential construction segment is expected to dominate the Benelux, Africa, and Saudi Arabia construction market

In 2025, the residential construction segment is expected to dominate the market with a market share of 42.88% due to the growing demand for housing driven by urbanization, population growth, and increasing disposable incomes. In addition, government initiatives and favorable financing options are further fueling the growth of residential construction projects.

• On the basis of project stage, the Benelux, Africa, and Saudi Arabia construction market is segmented into pre-construction, construction, and post-construction. In 2025, the pre-construction segment is expected to dominate the market with a market share of 44.21%
• On the basis of ownership & investment model, the Benelux, Africa, and Saudi Arabia construction market is segmented into public construction, private construction, Public-Private Partnership (PPP), and Foreign Direct Investment (FDI). In 2025, the public construction segment is expected to dominate the market with a market share of 47.65%
• On the basis of end-user sector, the Benelux, Africa, and Saudi Arabia construction market is segmented into real estate developers, industrial & manufacturing, government, energy & utilities, retail & commercial enterprises, transportation & logistics, education & healthcare institutions, and others. In 2025, the real estate developers segment is expected to dominate the market with a market share of 29.86%

Major Players

Data Bridge Market Research analyzes CRH (U.S.), Cemex, S.A.B. de C.V. (Mexico), SIKA AG (Switzerland), HOLCIM (Switzerland), and Cementir Holding N.V. (Netherlands) as the major companies operating in the Benelux, Africa, and Saudi Arabia construction market.

Market Developments

• In October 2022, CRH and Shell signed a memorandum of understanding to collaborate on developing and implementing decarbonization solutions. Their partnership focuses on reducing emissions across transport, operations, and materials by exploring vehicle electrification, low-carbon fuels, renewable electricity, and sustainable asphalt solutions. This initiative aims to accelerate progress toward net zero emissions across Europe, North America, and Asia-Pacific
• In October 2024, Cemex expanded its electric mixer fleet to Mexico as part of its strategy to decarbonize operations under the Future in Action program, targeting net-zero CO₂ emissions by 2050. These mixers offer full-load capacity and day-long operation, with previous deployments in Germany and Dubai and planned expansions in France, Spain, Poland, and the Czech Republic
• In May 2024, Cemex was recognized as the top-ranking company in the World Benchmarking Alliance’s Climate and Energy Benchmark for the cement industry. This achievement highlights Cemex’s commitment to reducing carbon emissions and becoming a net-zero CO₂ company by 2050. The ranking assessed 91 global aluminum, cement, and steel companies based on climate targets and transition efforts
• In 2024, Sika has been honored with the Qatar Corporate Social Responsibility (CSR) Award in the Construction Sector for its holistic approach to sustainability and outstanding Green Building Initiatives. The award, recognizing the "Best Initiative" in the construction sector, celebrates Sika's unwavering commitment globally and locally in Qatar to ecological integrity, social well-being, and sound governance principles, all while generating value for shareholders. The awarding ceremony took place in the context of the 2nd edition of Qatar CSR Summit which took place from the 30 April to 2 May 2024. This CSR Summit is a significant event that focuses on Corporate Social Responsibility (CSR) in Qatar
• In April 2023, Sika has signed an agreement with the University of Cádiz (UCA) to cooperate in the domains of concrete protection, building facades, and industrial processes. The cooperation results from a successful partnership focusing on innovative techniques for the preservation of concrete structures. Now, the UCA and Sika bundle their knowledge to expand these technologies to further areas of application and to open new market potential

Regional Analysis

The countries covered in the market are Luxembourg, Belgium, Netherlands, Africa, and Saudi Arabia.

As per Data Bridge Market Research analysis:

Africa is expected to dominate the Benelux, Africa, and Saudi Arabia construction market

Africa is expected to dominate the Benelux, Africa, and Saudi Arabia construction market due to rapid urbanization, large-scale infrastructure projects, and increasing foreign investments. Growing demand for housing, transportation, and energy developments positions Africa as the fastest-expanding construction market among the three countries.

Saudi Arabia is the fastest-growing country in the Benelux, Africa, and Saudi Arabia construction market

Saudi Arabia is the fastest-growing country in the Benelux, Africa, and Saudi Arabia construction market, driven by Vision 2030, large-scale infrastructure projects, smart cities, and increased investments in tourism, residential, and commercial developments, fostering rapid industry expansion.

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