Saudi Arabia’s giga-projects push contract awards up 20% to $196bn in 2025: Knight Frank
RIYADH: The value of contracts awarded by Saudi Arabia’s giga-projects jumped 20 percent this year to $196 billion as the Kingdom accelerates development across real estate, infrastructure, and tourism, a new analysis showed.
Global property consultancy Knight Frank said in its “Saudi Arabia Giga Projects Report 2025” the surge highlights how the Vision 2030 transformation program is shifting from planning to execution.
Riyadh remains at the core of this push, with landmark developments such as Diriyah Gate, King Salman Park, and the 220-km Sports Boulevard reshaping the capital’s landscape.
The report’s findings highlight the progress of Vision 2030, which aims to position Saudi Arabia as a regional hub for lifestyle, leisure, tourism, and economic activity.
