SWOT Analysis Of The Construction Industry In Saudi Arabia
Construction is one of the major and essential industry of any economy. It is one of the greatest asset of any country. The paper is based on the construction industry and the selected country is Saudi Arabia. Saudi Arabia is one of the giants in the construction industry. It is one of the interesting country in the economy globally. First, an introduction of Saudi Arabia and its construction company will be discussed. Second, the paper will discuss the SWOT analysis of and the framework of porter five forces of competition. Further strong suggestion will be given in order to improve the business of construction industry in Saudi Arabia. Finally, there will be a conclusion.
Introduction
Construction is one of the major and essential …show more content…
The current construction companies may discover this particularly basic, given the need to foresee impacts that changing financial conditions and new opponents can have on customer readiness to support excessive ventures within the …show more content…
Threat of new entrants: the threat of new entrants in the construction industry of Saudi Arabia is strong in the commercial sector and in the sector of infrastructure the barrier for the new entrant are relatively high. The construction industry needs huge investments, manpower, regulation, policy, health safety issue, heavy machinery, plants and equipment’s, and insurance also (Powell, 2012). So it is relatively difficult for the new firm to enter into the industry and compare to any other industry
Bargaining Power of suppliers: the construction industry of Saudi Arabia holds very high real power because of the labor shortage in Saudi Arabia and the constant rise in prices of input. it often leads to the risk if project
Introduction
Construction is one of the major and essential …show more content…
The current construction companies may discover this particularly basic, given the need to foresee impacts that changing financial conditions and new opponents can have on customer readiness to support excessive ventures within the …show more content…
Threat of new entrants: the threat of new entrants in the construction industry of Saudi Arabia is strong in the commercial sector and in the sector of infrastructure the barrier for the new entrant are relatively high. The construction industry needs huge investments, manpower, regulation, policy, health safety issue, heavy machinery, plants and equipment’s, and insurance also (Powell, 2012). So it is relatively difficult for the new firm to enter into the industry and compare to any other industry
Bargaining Power of suppliers: the construction industry of Saudi Arabia holds very high real power because of the labor shortage in Saudi Arabia and the constant rise in prices of input. it often leads to the risk if project