Construction Saudi Arabia awarded deals worth $9bn in four months By Nadim Kawach May 14, 2025, 2:38 PM Alamy via Reuters About 79 percent of the 43 Saudi projects awarded this year involved electricity and water while the others covered oil and gas, construction and infrastructure 43 public contracts awarded Saudi Electricity Company tops list 10 more expected this month Saudi Arabia reportedly awarded public contracts with a combined value of around SAR34 billion ($9 billion) in the first four months of 2025. The government is also expected to award 10 other projects in May covering mainly construction and oil and gas, the Saudi Contractors’ Authority (SCA) said in its May bulletin. About 79 percent of the 43 projects awarded involved electricity and water while the others covered oil and gas, construction, infrastructure and industry, it said. A breakdown showed January was the busiest month for the number of awarded contracts, which stood at 15. The report showed 10 contracts were awarded in February, five in March and 13 in April. April had the lion’s share of the project value, standing at around SAR13.8 billion, followed by February at SAR8.5, January at SAR6.6 billion and March at SAR5.4 billion. The Saudi Electricity Company emerged as the largest project owner, with the value of its awarded contracts standing at SAR7.13 billion ($1.9 billion), according to SCA, which groups more than 100,000 contractors in the largest Arab economy. Acwa Power reports record revenue and profit surge Jeddah’s residential canal project takes shape Saudi construction surge draws interest from around the world In a previous report, SCA said the kingdom awarded 314 public projects worth around SAR 267.8 billion in 2024, the highest annual project value after the Covid pandemic in 2020. The industry report said the surge was mostly in the value of projects covering energy, oil and gas, construction and infrastructure. The report showed oil and gas deals accounted for nearly 41 percent of the total awarded contracts in the first quarter, with a value of SAR 27.3 billion ($7.28 billion). Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
