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Madinah's hospitality build-out drove April contract awards: Contractors picked up 23 project awards in April worth more than SAR 11.8 bn, with Madinah province accounting for nearly two-thirds of the project count and over 70% of total value, according to the Saudi Contractors Authority’s (SCA) latest monthly report (pdf). April was the busiest month so far this year by project count.
One developer drove the headline number: Building and construction was the busiest sector by a large margin, capturing 12 of the 23 awards and SAR 7.7 bn in value. Infrastructure came second with five projects worth SAR 2.3 bn. Rua Al Madinah Holding, the PIF-owned developer behind the hospitality megaproject east of the Prophet’s Mosque, was the single biggest project owner in April, with 12 awards collectively valued at over SAR 7.7 bn.
The standout: The five-star hotel component of Superblock 5, part of a wider scheme aimed at building out enough room capacity to help the holy city handle 30 mn annual visitors by 2030.
Expo 2030 is also feeding the order book: Expo 2030 Riyadh Company (ERC) accounted for two awards worth SAR 1.5 bn, ranking it second among project owners for the month. That includes Lot 3 of the infrastructure works package at the 6 mn sqm Expo site north of the capital, which is being readied for site-wide utilities, road networks, and EV charging ahead of the 2030 event. ERC has been moving these packages out the door early in a phased approach intended to push major construction through 2026 and into 2027.
The rest of the top five owners: Al Madinah Region Development Authority awarded three projects worth SAR 788 mn, including the third route of the city’s bus rapid transit network. Saudi Energy came next with three projects worth SAR 750 mn, and the Saudi Water Partnership Company awarded the SAR 750 mn second phase of the Jubail-Buraydah independent water transmission pipeline.
Where the spending is landing: Madinah province led by value with SAR 8.5 bn, followed by Riyadh (SAR 2 bn), the Eastern Province (SAR 1.2 bn), and Tabuk (SAR 101 mn).
