South Korean construction companies are closely monitoring the escalating geopolitical risks in the Middle East, which could potentially dampen their prospects of capitalizing on the region's construction boom. The instability in the Middle East, a crucial market for Korean builders operating overseas, has raised concerns about potential disruptions to infrastructure and maintenance projects. The heavy reliance of oil-exporting economies in the Middle East on oil prices, coupled with the sensitivity of these prices to geopolitical tensions, has further exacerbated worries among industry insiders. Amid these uncertainties, Korean construction firms are also diversifying their focus to projects less susceptible to geopolitical issues and intensifying their scrutiny of Saudi Arabia's economy. Despite concerns about the challenges of operating in Saudi Arabia, such as the "Saudization" policy and tax issues, local construction companies are still keen on exploring opportunities in the country's lucrative construction market due to its sheer size and potential. Additionally, they are closely monitoring the Neom project, a $1.5 trillion development on the Red Sea coast, while acknowledging the potential slowdown in its progress.