“The top 10 contractors in the Kingdom are responsible for $400 billion in projects that are currently in the execution stage, accounting for 40% of the total future pipeline value of $1.1 trillion. According to MEED Projects, the total value of projects awarded in KSA between 2021 and 2025 will reach $569 billion, with a total of $85 billion (15%) awarded to date across 2021 and 2022 (October end). This highlights the need for a greater supply of skilled contractors in the local market to meet the ambitious goals of Vision 2030 and the associated giga-project program.” 

Saudi Arabia’s Construction Sector Remains the Strongest Across the MENA Region: JLL [Saudi Projects]