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Construction & contracting brief
Sunday, 1 November 2026 · Jumada I 21, 1448 AH |
Contracts, contractors and building materials Monitoring window: 11:17 on 25 Oct to 11:17 on 1 Nov, Riyadh time
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Construction & contracting in Saudi Arabia · 1 min read
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Saudi giga project awards fall to $10.6bn so far this year, according to MEED |
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The bottom line
WatchShrinking giga project awards concentrate competition on Qiddiya, Diriyah, Rua Al Madinah and Roshn contracts.
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Markets
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Brent crude
117.64 $/barrel ▲ 2.4%
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Gold
3,874.40 $/oz ▼ 3.5%
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Saudi market index (TASI)
9,921.50 points
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S&P 500
7,580.07 points ▼ 1.8%
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30 Oct close (Saudi market index (TASI): 29 Oct)
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Situation
Riyadh airport: King Khalid airport partly open: domestic from T1, national carriers international from T2 (Al-Monitor, updated Sun 1 Nov)
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The lead story
Saudi giga project contract awards fall to $10.6bn so far this year
Source: Skift · 4 days ago What happened Awards fell from a $31.7bn peak in 2023 to $13.6bn in 2025, per MEED data; this year's mostly went to Qiddiya and Diriyah.
Why it matters For Construction & contracting companies, giga project demand is now concentrated in Qiddiya and Diriyah, then Rua Al Madinah and Roshn, per MEED.
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◆ Sector leaders
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◆ Regulation
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◆ Industry & market
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◆ Saudi Arabia: security & major events
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◆ Worth reading
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◆ On the radar
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◆ Sun 1 Nov: OPEC+ monthly meeting on oil output levels OPEC
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For this brief we read 62 stories and chose 6.
Ijaz selects and summarizes the news with AI and can get things wrong. Check the source before relying on a story. Report any error to hello@ijaz.ai.
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