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MEED Report: Saudi Arabia Projects H2 July 2026

The Saudi Arabia Projects H2 July 2026

Saudi Arabia’s project market received almost $40.6bn of contracts for the first half of 2026. Overall, it shows a rise of 58 percent from H1 2025 (Y-o-Y comparison).

Saudi Arabia’s Vision 2030 is a comprehensive roadmap for the country’s future, built on three main pillars: a Vibrant Society, a Thriving Economy, and an Ambitious Nation. At its core, the initiative seeks to enhance citizens’ quality of life by utilising Saudi Arabia’s strategic location, promoting innovation, embracing deep-tech progress like quantum computing and artificial intelligence, and expanding global partnerships.

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

The graph represents Value of Contract Awards in Saudi Arabia by Year and Industry ($m)

This implies that non-construction sectors contribute 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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