Arena Market: Saudi Arabia

Saudi Arabia has acquired an almost mythical status in recent years as a country whose spending power and appetite for construction projects know no limits.

However, the war in Iran’s impact on economic growth has seemingly trimmed the Kingdom’s infrastructure budget from the limitless to the merely enormous.

The value of confirmed construction projects and giga-initiatives still stands at $1.5tn; the difference now is that there may not be a stadium built on top of a skyscraper.

Nonetheless, the Kingdom of Saudi Arabia has added significantly to its arena portfolio in recent years, and it will undoubtedly continue to do so. In the…