RIYADH: Saudi Arabia awarded its highest-value construction contracts of 2026 in May, with 18 projects totalling more than SR30.03 billion ($7.99 billion) across the Kingdom.
The figures come from Saudi Contractors Authority’s monthly sector report, which tracks projects listed on the SCAVO platform and is designed to help contractors identify investment opportunities and plan their businesses.
The data lands against a backdrop of improving sector sentiment. The Al Rajhi Capital Saudi Construction Index, compiled by S&P Global, climbed to 51.2 in May from 48.5 in April, crossing the 50-point threshold that separates expansion from contraction, its highest reading in three months, though growth remained softer than at the start of the year.
“The infrastructure sector is the highest in terms of financial value and number of projects, with 10 projects exceeding SR25 billion,” the SCA report said.
It also noted that manufacturing and construction each accounted for 17 percent, with water and energy making up the remaining 11 percent.
