The Kingdom awarded a total of five projects in March 2025, with a value of SAR 5.4 bn, down from SAR 8.6 bn in February, the Saudi Contractors’ Authority (SCA) said in its Contracting Sector Overview report (pdf). Power and water sector contracts accounted for 70% of the total value, with some SAR 3.8 bn allocated across two projects. Building and construction contracts accounted for the remaining SAR 1.6 bn, distributed across three projects.

Top owners: The Saudi Electricity Company (Sec) topped the list of project owners with a SAR 2.3 bn contract for a PP12 combined cycle power plant in Riyadh. The Saudi Water Partnership Company (SWPC) and Buhur for Investment followed with a SAR 1.5 bn contract for an independent water transmission pipeline in the Eastern Province. IHG Hotels, InterContinental Hotels Group, Dana Bay Tourism, and Jenan Real Estate came in third with a SAR 937.5 mn contract for the InterContinental AL Khobar Dana Bay resort.

ALSO- A consortium of the Public Investment Fund (PIF), Retal Urban Development, and Roshn Real Estate awarded a SAR 491.3 mn contract for residential villas in Riyadh’s Sedra community. Retal Urban Development and Remal Al Khobar Real Estate awarded a SAR 168.8 mn contract to develop the Remal Business Court in Al Khobar.

Regional breakdown: Riyadh led in total project value with SAR 2.8 bn, followed closely by the Eastern Province with SAR 2.6 bn.

What’s next? Eight new projects are expected to be awarded this month, with half in building and construction and the other half in oil and gas. Big-ticket issuers will include Sec, Aramco, Diriyah Gate Development Authority, PIF, Neom, Saudi Basic Industries (Sabic), and the Sports Ministry.

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