Saudi Arabia has strengthened its position as a global construction powerhouse, after a recent international report ranked it among the top three countries in the world in the number of mega and giant projects, recording a qualitative jump of 643% in these projects since 2010, reflecting the momentum of the economic transformation led by the Kingdom within Vision 2030.
According to a new report by Mace, a global construction consultancy firm, Saudi Arabia ranked among the top countries in the world in terms of the number of mega projects, with the number of these projects rising from 64 in 2010 to According to a new report by global consulting and construction firm Mace, Saudi Arabia ranked first among the world's largest countries in terms of the number of megaprojects, rising from 64 projects in 2010 to 476 projects in 2025, with a growth rate of 643%.
According to the report, the number of megaprojects increased from 64 projects in 2010 to 476 projects in 2025, with a growth rate of 643%.
According to the report. <The report, titled “The Future of Major Project Implementation 2025”, indicates that Saudi Arabia shared the second place globally with India in the number of megaprojects, or what is known as “gigaprojects”, with 43 projects each, while the United States topped the list with 88 projects. <The projects in the report are categorized into two main types: ”mega“ projects, which are those worth more than $1 billion, and ”giga“ projects, which are megaprojects worth $10 billion or more. Saudi Arabia is one of the few countries implementing a large number of these megaprojects simultaneously, reflecting its unprecedented development ambitions. This tremendous growth is driven by the Kingdom's Vision 2030, which has launched a host of ambitious projects in various fields, most notably NEOM, the Red Sea Project, Diriyah, Qiddiya, King Salman International Airport, the New Square in Riyadh, and other projects that represent the backbone of economic and urban transformation in the Kingdom.
The report's data reveals that Saudi Arabia is one of the few countries implementing a large number of these mega-projects at the same time, reflecting its unprecedented development ambitions. The report data reveals that the energy and utilities sector leads the Kingdom's mega projects with 178 projects, followed by trade and entertainment with 110 projects, infrastructure with 75 projects, while the buildings and residential and industry sectors recorded 71 projects each. This distribution reflects the extent of diversity in the Saudi development map, which is not limited to a specific sector, but includes various aspects of the national economy.
The report praised Saudi Arabia's efficiency in implementing mega-projects, especially in the energy, utilities and residential sectors, where the average completion time in the Kingdom is less than eight years from announcement to completion, which is competitive with major countries such as the United States and Hong Kong.
This reflects Saudi Arabia's diversified development map, which is not limited to a single sector, but rather to the national economy. <This remarkable progress reflects Saudi Arabia's ability to accelerate the pace of completion of its strategic projects, benefiting from political and economic stability, the availability of financing, the development of engineering and technical capabilities, as well as a clear political will that drives the wheel of national transformation. According to the report, Saudi Arabia is no longer just an emerging market in the construction and building sector, but has become one of the most prominent global drivers in implementing mega projects, which enhances its attractiveness for foreign investment and opens wider horizons for international partnerships in strategic sectors.
According to the report, Saudi Arabia is no longer just an emerging market in the construction and building sector.
