Saudi Projects Approach 2025 Levels Despite Worsening Confidence
The value of awarded contracts in Saudi Arabia reached $76 billion so far, compared to $102 billion a year ago, with full-year expectations reaching $100 billion.
The value of awarded contracts in the Saudi project market has reached $76 billion so far, compared to $102 billion in the corresponding period of 2025, according to MEED data.
MEED expects the total value of contracts to reach $100 billion for the full year, driven by a strong pace of awards in November and December.
Awards in the power sector fell by 77% and water by 66%, while construction awards reached $32 billion, and giga-project awards stood at $10.6 billion.
The Line and Trojena projects have been delayed, while the Qiddiya and Diriyah projects are progressing, at a time when most industry professionals say conditions have worsened.
What do these terms mean?
Contract Award: A procedure in which the project owner selects the contractor who will execute it.
Giga-projects: Massive development projects funded by the state or a sovereign wealth fund, aiming to transform the economy.
Timeline: The plan that sets the schedule for executing the project stages.
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