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00:00 The infrastructure is one of the largest sectors that is still in progress in Saudi Arabia,
00:06 supported by the 2030 Vision projects,
00:09 such as Nyoom, which is expected to attract investments of 500 billion dollars,
00:14 as well as all projects in Qaddafi, the Red Sea and others,
00:19 in addition to housing projects,
00:21 where the Kingdom is working to add 300,000 housing units between 2022 and 2025.
00:30 All of this is seen by the participants at the top of the Saudi infrastructure building in 2023,
00:36 which is located in Riyadh, with interest.
00:39 The Riyadh City Council has several projects,
00:42 the infrastructure building is in progress, under construction and under design.
00:46 It serves many of the industries targeted in all four cities,
00:50 including the construction, transformation, food, chemical factories.
00:56 The rapid growth in the Saudi infrastructure sector
00:59 makes many companies think about entering this sector more,
01:04 and investing in it, which is what we notice in many companies in this place.
01:10 The infrastructure sector is advantageous for the interest of local and foreign companies,
01:15 given the size of the projects in the Saudi market and the variety of their needs,
01:20 which is what led to the presence of various companies in several fields,
01:26 such as building, projects, buildings and their requirements,
01:30 at the top of the Saudi infrastructure.
01:33 The Kingdom has announced a number of projects in renewable energy,
01:37 and a number of projects in increasing energy efficiency, reducing carbon emissions,
01:46 and achieving carbon neutrality by 2060.
01:50 All of this is encouraging for global companies and investors,
01:54 from the technical sector and financial investors, to invest in the Kingdom.
01:59 We have been here in 2018, so it's five years.
02:04 We have participated in the Saudi infrastructure summit in 2018,
02:10 and we see that the market is growing very fast.
02:15 We have participated in 150 projects so far,
02:18 and we are making big investments based on engineering expertise.
02:24 Two years ago, the Saudi government launched the National Infrastructure Fund,
02:29 which is committed to supporting projects of total value of up to 200 billion riyals over 10 years.
02:37 This has shown a positive impact on the private sector in the Kingdom.
02:42 Atal Alshamri, CNBC Arabia, Riyadh