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Saudi giga project deal awards up 20pc to $196bn
Gulf Construction
|November 2025
THE value of Saudi Giga projects contract awards has risen sharply to $196 billion this year, up 20 per cent from 2024, underscoring the pace at which projects are transitioning from vision to reality, said a Knight Frank report.
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From new cities and major infrastructure projects to world-class sports venues and luxury tourism destinations, the multitrillion-dollar programme set out under the Vision 2030 plan is delivering unprecedented national economic transformation.
Riyadh is at the heart of the kingdom's transformation and is leading Saudi Arabia's giga-project agenda, with landmark developments such as Diriyah Gate, King Salman Park and the 220-km-long Sports Boulevard redefining the city's urban fabric.
Diriyah is the 15th century birthplace of the First Saudi State, so it is perhaps fitting that Diriyah Gate is among the most advanced giga projects in the kingdom.
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