Saudi Arabia lives in golden era of building materials sector: Masdar Building CEO

Faisal Al-Muhaidib, CEO of Masdar for Building Materials Co., said the company was established in 1970 and currently operates in 29 cities across the Kingdom with 104 branches.

On the sidelines of the 3rd Saudi International Iron & Steel Conference, Al-Muhaidib told Argaam that there are abundant opportunities in the sector, as growth continues under Saudi Vision 2030, adding, “We are living in the golden era of the Kingdom’s building materials and construction sector.”

He noted that the construction sector in Saudi Arabia exceeds SAR 400 billion annually, divided into three main segments: basic materials, support services, and infrastructure.

According to Al-Muhaidib, the basic materials market—including steel, wood, and aluminum—is valued at around SAR 200 billion, while the support services sector (such as supervision and engineering) is estimated at SAR 140–150 billion, and the infrastructure and equipment transport sector accounts for approximately SAR 70 billion.