Some 15 projects worth some SAR 6.59 bn were awarded in the Kingdom in January, the Saudi Contractors’ Authority (SCA) said in its Contracting Sector Overview report (pdf). Building and construction contracts accounted for more than half of total value, with SAR 3.77 bn allocated across seven projects. Power and water sector contracts totalled SAR 1.46 bn, distributed across seven projects, while one industrial project had a SAR 1.4 bn ticket.

Top owners: Erth Real Estate led in total project value, with a SAR 3.69 bn investment distributed across 4 projects. Saudi Electricity Company (SEC) had the largest number of new projects, with seven projects valued at a total SAR 1.46 bn. Meanwhile, mineral player Ma’aden had a single SAR 1.36 bn project.

Regional breakdown: Riyadh had the largest number of projects (9) and greatest total value for the month (SAR 4.82 bn). The Northern Province followed with a single SAR 1.36 bn initiative. The Eastern Province ranked fourth with a SAR 168.8 mn investment. Meanwhile, Al Jouf, Qassim, and Makkah each had projects worth SAR 75 mn, and Madinah had the smallest monthly share at SAR 22.5 mn.

What’s next? The Kingdom is set to see over 25 new projects awarded this month, with half focused on infrastructure and industry. More than half of the month’s projects are expected to be situated in Tabuk, Madinah, and Makkah. SEC, the Environment, Water and Agriculture Ministry, and the Royal Saudi Land Forces are some of the organizations expected to line up big tickets this month, the report said.

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