Saudi Arabia’s Development Slowdown Affects Architects
The Architectural Journal (AJ) examines the consequences of the deceleration in Saudi Arabia’s previously relentless, cash-intensive development projects. Just 18 months ago, the AJ asked: “Should you work in Saudi Arabia?” Back then, nearly every major UK firm was either establishing a presence or deeply involved in masterplanning huge projects, with only a few companies deliberately avoiding work in the kingdom.
Last month, Chancellor Rachel Reeves traveled to Riyadh to promote UK business interests, continuing the efforts of Conservative governments that have controversially supported closer economic relations with Saudi Arabia.
However, the combination of falling oil prices and rapid spending on extensive mega developments—such as the Neom regions—has led to a noticeable slowdown. Reports indicate some projects are being downsized or seeing their timelines extended, while others are undergoing financial and strategic reassessments.
Industry Perspectives on the Slowdown
“The glory days are over,” stated a recent Financial Times headline referring to the decline in consultant hires in Saudi Arabia.
This downturn is largely attributed to stalling mega projects and growing fiscal caution within the kingdom.
Summary
Saudi Arabia’s architectural boom has cooled as economic and strategic challenges prompt project delays and reassessments, signaling an end to the kingdom’s rapid development era.
Author’s Note
Current economic shifts in Saudi Arabia have paused its architectural frenzy, highlighting a pivotal moment for global firms engaged in the region’s ambitious projects.