4 construction projects worth SAR 2.8B awarded in February: SCA

The projects were distributed across four sub-sectors. The recreational facilities sector recorded the highest value at over SAR 1.8 billion, followed by the hospitality sector (over SAR 716 million).

The following table outlines the details of projects awarded in February 2026, categorized by project type, value, region, and owner. The Iconic Museum within the Diriyah Project topped the list in terms of value, exceeding SAR 1.3 billion.

All projects awarded in February 2026 are expected to be executed over two years, with three projects scheduled for delivery in 2028 at a total value exceeding SAR 2 billion, and one project in 2029 valued at more than SAR 133 million.

Accordingly, a total of nine projects were awarded in the contracting sector this year, with a combined value of approximately SAR 14.6 billion, as shown below:

The report indicated that around 16 projects are expected to be awarded to contractors in March 2026, with more than 50% concentrated in the construction, as well as the water and energy sectors. Approximately half of these projects are expected to be in Riyadh, Makkah, and the Eastern region.

Entities expected to launch projects next month include Jeddah Economic Co., General Authority of Civil Aviation, Building Construction Co., Saudi Water Partnership Co., Saudi Aramco, and Kingdom Holding Co.