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Saudi Arabia's

Construction Cost Landscape

Saudi Arabia's Construction Cost Landscape

News

12 Feb 2024

In a recent feature in Construction Week Middle East , our dynamic leadership team at Compass took centre stage to discuss the transformative benefits of cost control consulting services. 

Our President, Nawfal Al Hudhairy, teamed up with our Regional Directors of Commercial & Cost Management, Francisco Batista and Michael McGovern, for an enlightening sit-down with the Editorial crew.  Together, they unveiled actionable strategies for enhancing cost control in projects amid the vibrant construction boom in Saudi Arabia.  The discussion shed light on Compass' innovative approach to feasibility studies, cost control metrics, and unparalleled best practices, proudly reshaping industry standards.  Drawing from their expertise, they delved into how customizing these strategies effectively addresses the distinctive challenges and abundant opportunities within the Kingdom's thriving market.

What sets us apart is that we’re dealing with projects rewriting the rulebook. These are groundbreaking concepts, and they’re no longer confined to the realm of imagination - they’re becoming tangible realities. With the Riyadh Expo 2030 and World Cup 2034 on the horizon, the excitement is palpable.

Saudi Arabia's construction renaissance is in full swing, poised to make a remarkable societal impact.  We dive deep into the winning combination of local insights, global cost consulting best practices, and an unwavering commitment to continuous improvement.  This insightful article underscores the crucial importance of selecting the right cost control consulting partner.

But we don't stop there.  We go beyond simply assessing cost control risks in the industry.  Our arsenal includes cutting-edge cost control analysis tools and methods that supercharge the ROI of our project and cost consulting services.  It's all about maximizing value and delivering exceptional results.

In the interview, we delve into a range of topics:

1)  From aligning with the ambitious Vision 2030 to showcasing our extensive expertise, we demonstrate our keen understanding of the region's immense potential for capital and investment. 

2)  Collaboration with our valued clients and partners lies at the core of our approach, enabling us to achieve impactful outcomes together.

3)  Our commitment to the local community shines through as well.  With strategically located offices in key cities across Saudi Arabia, we seamlessly integrate into the local landscape. 

4)  We're proud to invest in nurturing local talent, empowering them to contribute to the kingdom's socioeconomic growth and paving the way for a more sustainable future.

5)  When it comes to projects and value engineering, we leverage the power of technology and data-driven insights.  This innovative approach enables us to unlock untapped opportunities and drive success for our clients.

Lastly, we unveil the added layer of security provided by our H2 2023 Construction Cost Benchmark position papers.  These valuable resources not only inform decision-making but also lay a solid foundation for project feasibility assessments.   You too can gain with these insights, by downloading here.  

Thank you to the lovely people at Construction Week for the feature - see more of our cover models here.   

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