Saudi Project Awards Surge to Nearly $8 Billion in June as Construction Dominates Activity

Saudi Arabia’s project awards gathered strong momentum in June, with contracts worth more than SAR29.5 billion ($7.9 billion) awarded across 25 projects, making it the busiest month of 2026 by project count. While May remained the strongest month by overall value with awards exceeding SAR30 billion, June closely followed, underscoring sustained investment activity across the Kingdom.

The figures come from the Saudi Contractors Authority’s (SCA) Contracting Sector Outlook – June 2026, released through its SCAVO platform. The report is designed to provide contractors, developers and investors with market intelligence and forward-looking insights to support planning and investment decisions.

Construction continued to drive the market, accounting for the largest share of awarded contracts. Fourteen projects in the sector secured a combined value of more than SAR20.6 billion, representing 56% of all contracts awarded during the month. Infrastructure, water and energy projects each contributed 20% of the total value, while oil and gas projects accounted for the remaining 4%.

The Eastern Region emerged as the country’s most active market in June, leading both in project numbers and contract value. It recorded 10 awarded projects—equivalent to 40% of the month’s total—with a combined value exceeding SAR11.4 billion. The Riyadh Region followed closely, attracting projects worth more than SAR10.8 billion.

Projects awarded during the month were spread across 14 different sub-sectors. Commercial developments recorded the highest number of individual awards with four projects, while mixed-use residential apartment developments attracted the largest investment, with contracts exceeding SAR6 billion.

Among project owners, the National Housing Company (NHC) led in terms of contract value, awarding more than SAR5 billion across six projects. Saudi Aramco ranked second, with projects valued at over SAR4.9 billion.

Looking ahead, the SCA expects the pace of activity to remain robust. Around 23 projects are forecast to be awarded during July 2026, with construction expected to account for more than 60% of the pipeline.

Nearly half of the anticipated projects are expected to be concentrated in the Eastern Region, Riyadh, and Makkah. Major awarding entities are projected to include the Public Investment Fund (PIF), Saudi Aramco, SABIC, and several other investment-focused organisations.

The monthly outlook forms part of the Saudi Contractors Authority’s broader initiative to improve transparency in the contracting industry by publishing regular market indicators and analytical reports, helping businesses identify opportunities and strengthen strategic planning across the Kingdom.

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