Contracting projects awarded in Saudi Arabia during the third quarter of 2026 recorded a total investment value exceeding 22.38 billion riyals, distributed across 33 projects, according to the “Contracting Sector Outlook” report issued by the Saudi Contractors Authority , which noted a significant decline in the value of awarded contracts compared to the second quarter of the year.
The report indicated that the total value of contracts awarded during the third quarter decreased by 68.61 TP3T compared to the second quarter, which recorded the highest investment value of the year, exceeding SAR 71.34 billion across 66 projects. May led in terms of contract value, with over SAR 30 billion, while June saw the highest number of projects, with 25.
In comparison with the first quarter of 2026, the report indicated a decrease in the investment value of contracting projects during the third quarter by 25.9%, as the value of contracts awarded in the first quarter amounted to 30.21 billion riyals, compared to 22.83 billion riyals in the third quarter, according to the figures in the report, despite the increase in the number of projects awarded in the third quarter compared to the first quarter, which recorded 20 projects.
The value of September projects is 7.77 billion riyals.
The investment value of contracting projects awarded during September 2026 amounted to approximately 7.77 billion riyals, distributed across 9 projects, with the water and energy sector accounting for the largest share, with 5 projects exceeding 3.07 billion riyals in value.
According to the report, water and energy sector projects accounted for 561 TP3T of the month's total projects. Geographically, the Eastern Province and Makkah Region led the list in terms of the number of awarded projects, with three projects each, collectively representing 661 TP3T of the total projects awarded during September.
Projects to be completed between 2028 and 2030
The expected completion dates for the September projects are spread over three years, with one project worth 375 million riyals expected to be completed during 2028, while 6 projects with a total value exceeding 4.01 billion riyals are expected to be completed in 2029. Two projects with a value exceeding 3.37 billion riyals are also planned to be completed during 2030, according to the timetable in the report.
Saudi Power Purchase Agreement and ACWA Power lead the way
The Saudi Power Procurement Company (SPPC) and ACWA Power topped the list of the largest project owners in terms of investment value during September 2026, through 4 projects with a total value of 3 billion riyals.
8 projects expected during October
Regarding future prospects, the report predicted that 8 new projects would be awarded during October 2026, with more than 50% of them concentrated in the construction sector, while half of these projects are expected to be concentrated in the Makkah and Riyadh regions.
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