The Kingdom awarded a total of 13 projects in April 2025, with a value of SAR 13.8 bn, up from SAR 5.4 bn in March, the Saudi Contractors Authority said in its Contracting Sector Overview report (pdf).

Power and water sector contracts accounted for the highest value, with SAR 10.9 bn (79% of the total projects’ value) allocated across three projects. Industrial contracts followed with SAR 1.9 bn across three projects, while building and construction contracts accounted for SAR 697.5 mn across five projects.

Top contractors: The Saudi Electricity Company topped the list of project owners, with contracts valued at SAR 7.1 bn, including the Ar Rayis Power Plant Phase 1 in Madinah. The Saudi Power Procurement Company and the Energy Ministry jointly followed, awarding a SAR 1.9 bn contract for the Al Sadawi IPP in the Eastern Province.

ALSO- Alat and Lenovo were also major project owners, with contracts valued at SAR 937.5 mn in total, including phases 1 & 2 for the Lenovo factory in Riyadh. A key construction project for the Royal Diriyah Opera House was also awarded by the Diriyah Gate Development Authority and the Public Investment Fund (PIF).

Regional breakdown: Madinah led in total project value with SAR 6.8 bn, followed by the Eastern Province with SAR 4.2 bn.

What’s next? Ten new projects are expected to be awarded in May 2025, 60% of which are in the building and construction and oil and gas sectors. More than half of these projects will be concentrated in the Riyadh and Eastern provinces. Big-ticket issuers are expected to include the PIF, the Oil Park Development Company, Saudi Aramco, Neom, and Rua Al Madinah Holding.

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