{"id":97797,"date":"2025-06-12T00:00:00","date_gmt":"2025-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/12\/awarded-projects-value-reaches-sar-1-7-bn-in-may\/"},"modified":"2025-06-12T00:00:00","modified_gmt":"2025-06-12T00:00:00","slug":"awarded-projects-value-reaches-sar-1-7-bn-in-may","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/12\/awarded-projects-value-reaches-sar-1-7-bn-in-may\/","title":{"rendered":"Awarded projects value reaches SAR 1.7 bn in May"},"content":{"rendered":"

The Kingdom awarded a total of 15 projects in May 2025<\/strong>, with a value of SAR 1.7 bn, significantly down from SAR 13.8 bn in April, the Saudi Contractors Authority said in its Contracting Sector Overview report (pdf)<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

May\u2019s project awards were largely split between two categories<\/strong> \u2014 building and construction, which secured nine projects valued at SAR 1.3 bn (77.5% of the total value), and infrastructure, which accounted for the remaining six contracts worth SAR 375 mn (22.5%).<\/p>\n

Regional breakdown: <\/strong>Madinah recorded the highest number of awarded projects in May, with six contracts valued at SAR 356.3 mn, while Riyadh topped the chart in terms of value, driven by a single SAR 487.5 mn project. The Eastern Province followed, with three projects worth a total of SAR 468.8 mn, while Aseer\u2019s three project awards were valued at SAR 225 mn.<\/p>\n

Major project owners in May<\/strong> included <\/strong>Misk Foundation, the Public Investment Fund (PIF), and the Diriyah Gate Development Authority, which own Riyadh\u2019s Diriyah Project. Meanwhile, Madinah\u2019s six projects were wholly owned by its Municipality, including Jawharat Uhud Project.<\/p>\n

Other owners include<\/strong> Saudi Entertainment Ventures (Seven), which is building its SAR 262.5 mn Entertainment Complex in the Eastern Province, and King Fahd University of Petroleum and Minerals, which is developing its SAR 187.5 mn Stadium in Al Khobar.<\/p>\n

The timeline: <\/strong>Ten of the projects awarded in May 2025 are expected to be delivered within 2027, four are expected in 2028, and one project next year.<\/p>\n

Looking forward: <\/strong>June is expected to see 20 projects awarded by the PIF, Aramco, Saudi Basic Industries Corporation (Sabic), Al Madina Development Authority, Royal Commission for the Riyadh City, and AlUla Development Company. Over half of these will be dominated by the building and construction sector, with most of them spread across Riyadh, Madinah, and the Eastern province, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Madinah recorded the highest number of projects<\/p>\n","protected":false},"author":1,"featured_media":97798,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[142,10,509,66],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-construction","tag-enterpriseam-ksa","tag-gigaprojects","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"198abd4f-05e0-4903-8434-c03f56c7ad19","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1447.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Awarded projects value reaches SAR 1.7 bn in May","related_issue":[97785],"teaser":"Madinah recorded the highest number of projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.7ac34d34-1535-4f18-aa4b-36f142f6a481.mp3"},"yoast_head":"\nAwarded projects value reaches SAR 1.7 bn in May - 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