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KSA Construction Market

KSA Construction Industry 2026 Forecast & 2025 Overview

Saudi Arabia’s active construction pipeline stands at approximately US$1.6 trillion. Giga projects continue to drive execution. The FIFA World Cup 2034 and Riyadh Expo 2030 are accelerating hospitality, mobility and urban infrastructure investment.

This report covers the KSA construction market in full: budget allocation, GDP performance, contractor awards by sector, major project data, top clients and contractors for 2025 and 2026, and the forward-looking pipeline with named projects entering tender.

  • See how KSA’s 2025 contractor awards by sector
  • Identify the top clients and contractors across buildings, power, oil and gas and infrastructure
  • Review the 25 major clients expected to award buildings projects in 2026
  • Access the named projects expected to enter procurement in 2026

Price: 1000 USD

KSA Economic Outlook

The IMF has revised GDP growth upward to 4% for both 2025 and 2026. Non-oil GDP expanded 4.3% year on year in Q3 2025. The report details budget composition, credit ratings, and what the fiscal picture means for construction sector momentum.

77% of Projects are in Pre-Construction Stage

2025

KSA Contractor Awards 2026

KSA contractor awards reached an estimated US$66.4 billion in 2025. Buildings contributed 40%, but the power and water sector accounted for 27%, reflecting the renewable energy push. The 2026 forecast projects US$86.1 billion in total awards, with buildings leading at 49%. The report provides the full sector breakdown and year-on-year comparison.

2025

Giga Projects and Beyond

NEOM, Red Sea, Qiddiya, Diriyah and New Murabba continue to anchor the pipeline. But the report goes beyond giga projects to cover the full landscape: top projects awarded in 2025 with client, contractor and estimated value, plus the major projects announced and entering feasibility or design stages.

Who Is Winning the Work

The report ranks the top clients who announced building projects in 2025, the top contractors who won building work, and the top clients who awarded contracts across all sectors. For 2026, it identifies 25 major clients expected to award buildings projects and lists the leading consultants with active projects.

The 2026 Outlook

KSA’s pre-execution pipeline stands at nearly US$1.3 trillion, with US$342 billion already under construction. The report names the top projects expected to be awarded to contractors in 2026, with project status, client, consultant and estimated value, so BD teams can plan pursuit strategies now.

Top clients expected to award projects in 2025