Week 1: 15 - 18 February 2025 | Week 2: 24 - 27 February 2025

2pm - 10pm Daily

Riyadh Front Exhibition & Conference Center located at ROSHN Front

Saudi Arabia’s construction contracts rose 35% to over $51bn in 2022


The top-performing sector was real estate, followed by power, according to the latest US-Saudi Business Council (USSBC) report.

The total value of contract awards in Saudi Arabia in 2022 reached about 192.4 billion Saudi riyals ($51.3 billion), a 35 percent surge year-on-year (YoY), the US-Saudi Business Council (USSBC) said in its latest report.

Contracts awarded in the fourth quarter of 2022 touched SAR 71.5 billion ($19.1 billion), marking a 2 percent increase YoY.

The USSBC Contract Awards Index (CAI) for 2022 grew by 16 percent Year-on-Year (YoY). It climbed to 241.71 points at the end of the fourth quarter of 2022, staying above the 200-point mark in 11 out of the 12 months in 2022.