{"id":95960,"date":"2025-04-13T00:00:00","date_gmt":"2025-04-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/13\/awarded-projects-value-hits-sar-5-4-bn-in-march\/"},"modified":"2025-04-13T00:00:00","modified_gmt":"2025-04-13T00:00:00","slug":"awarded-projects-value-hits-sar-5-4-bn-in-march","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/13\/awarded-projects-value-hits-sar-5-4-bn-in-march\/","title":{"rendered":"Awarded projects value hits SAR 5.4 bn in March"},"content":{"rendered":"

<\/strong>T<\/strong>he Kingdo<\/strong>m awarded a total of five projects in March 2025, with a value of SAR 5.4 bn<\/strong>, down from SAR 8.6 bn in February, the Saudi Contractors\u2019 Authority (SCA) said in its Contracting Sector Overview report (pdf)<\/a>. 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.<\/p>\n

Top owners: <\/strong>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.<\/p>\n

ALSO- <\/strong>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\u2019s 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.<\/p>\n

Regional breakdown: <\/strong>Riyadh led in total project value with SAR 2.8 bn, followed closely by the Eastern Province with SAR 2.6 bn.<\/p>\n

What\u2019s next? <\/strong>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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Eastern Province led in volume, Riyadh in Value<\/p>\n","protected":false},"author":1,"featured_media":95961,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2547],"tags":[10,157,66,1151,712,4163,1390,2082],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-enterpriseam-ksa","tag-industry","tag-infrastructure","tag-public-investment-fund-pif","tag-retal-urban-development","tag-roshn-real-estate","tag-saudi-electricity-company-sec","tag-saudi-water-partnership-company-swpc","wpautop","entry"],"acf":{"mongo_id":"0b584d30-f38c-4a0e-b359-0969d9dbcdca","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2518.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Awarded projects value hits SAR 5.4 bn in March","related_issue":[95946],"teaser":"The Eastern Province led in volume, Riyadh in Value","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.97f38195-d40f-4498-94c3-62b6534f97da.mp3"},"yoast_head":"\nAwarded projects value hits SAR 5.4 bn in March - 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