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MEED Report: Saudi Arabia Projects H2 July 2026

The Saudi Arabia Projects H2 July 2026

By the first half of 2026, the total value of projects in Saudi Arabia stood at about $2.07tn, up 9.38 per cent on a year-over-year basis. The market benefited in 2017 from the addition of the $500bn NEOM project.

Additionally, by status, the Design or FEED stage holds the largest share at $1tn, offering a key insight that the pipeline remains heavily front-loaded—meaning delivery momentum will increasingly depend on how effectively these early-stage developments translate into awards and on-site execution amid potential capacity and supply-chain constraints.

Project Contract Awards By Year, 2017–2026 ($m)

The overall total is only $40.6bn, implying that non-construction sectors are contributing comparatively less and that the sharp drop versus 2025 likely reflects fewer large, bundled awards like those that drove the 2024 peak.

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MEED is the world’s leading source of Middle East business intelligence. Established in 1957, MEED has been integral to delivering business information and news, intelligence and analysis on the Middle East economies and activities ever since.

To find more free resources, download our MEED Webinar Presentation: The Saudi Giga Projects March 2026