Saudi Arabia Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in Saudi Arabia over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in Saudi Arabia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for Saudi Arabia experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in Saudi Arabia has risen by 5% during this period. For example, if the cost of building a plant in Saudi Arabia was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in Saudi Arabia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About Saudi Arabia Manufacturing Industry. Saudi Arabia's economy is heavily anchored in its vast oil reserves, making it one of the largest producers and exporters of oil globally. However, the country is actively diversifying its economy through its Vision 2030 initiative, aiming to reduce dependence on oil by expanding into other sectors such as manufacturing, technology, and renewable energy.
The manufacturing sector in Saudi Arabia is growing, with significant investments in industries like petrochemicals, construction materials, and food processing. The government is also focusing on developing high-tech industries and increasing local production capabilities, which are crucial for the country’s economic diversification.
As Saudi Arabia continues to implement its Vision 2030 goals, the manufacturing industry is expected to play a pivotal role in driving economic growth and creating jobs, positioning the country as a key industrial player in the Middle East and beyond.
