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Construction Index climbs 2% in March
Labor, machinery, energy, and materials all surged in March as Hormuz’s effect hit the numbers
New rules clear path for Egyptian contractors to join Saudi housing and utilities market
25 Egyptian firms have already been cleared as Saudi expands its supplier base for local projects
War jitters hit Saudi tenders as March awards slump
Only 25 major contracts worth USD 11.8 bn were awarded during the month
Neom terminates multi-bn USD Trojena lake contracts
Construction at the USD 19 bn resort stalls at 30% completion following the loss of the 2029 Asian Winter Games…
Hormuz choke + oil volatility is forcing a new construction calculus
The situation has left contractors unable forecast future costs, triggering high risk premium bids and a reliance on contractual relief…
Data centers dominate project awards in January
Just six projects worth more than SAR 3 bn were awarded in December 2025
Hassan Allam’s Grova Developments establishes footprint in Riyadh with SAR 3.3 bn project
The project will feature more than 3k units across 228k sqm in Riyadh.
Work on New Murabba’s flagship Mukaab suspended, Reuters reports
The pause underscores a broader government-led recalibration of megaproject timelines and scopes.
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