7 Hrs
Source:
الاقتصادية
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Saudi Arabia's $330B Mega Projects
The article concerns the value of the large-scale projects planned and underway in Saudi Arabia. Projects worth $130 billion have been awarded up to the end of 2025, with the upcoming launch of new contracts valued at an additional $200 billion, bringing the total to $330 billion. These figures reflect the transition of the construction and development sector into a broad implementation phase, with a focus on commercial and operational aspects—particularly supply models, industrial capabilities, and the role of the private sector. The article also discusses the fourth Saudi Major Projects Summit held in Riyadh, which emphasizes developing local capacities, improving supply chains, and localizing industries. It examines the challenges and opportunities associated with executing these projects, highlighting updates on major initiatives such as the Jeddah Tower and Expo 2030 Riyadh, as well as enhancing the role of contracting companies and digital transformation to boost the long-term economic value of these projects.
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