Outlook for Saudi project spending remains robust

Spending on projects will remain a key driver of Saudi Arabia's economic growth, in line with its diversification strategies.
Currently, Saudi Arabia has USD 440 billion in already-committed projects (contracts awarded or in execution). With an additional USD 1.55 trillion of potential projects in the pipeline.
The USD 440 billion worth of already-committed spending is allocated across various sectors, with the largest shares going to construction (USD 116 billion) and power (USD 99 billion).

The majority of already-committed spending is on non-giga government projects, primarily in power, construction, and gas sectors.
The distribution of the 1.55trn pipeline of projects is heavily skewed towards the construction sector, accounting for almost 60% (USD 916bn). The power and transport sectors are the next largest in the pipeline, with USD 194bn and USD 180bn worth of projects respectively.
A much larger share of the value of the pipeline is associated with giga projects, accounting for around 47% of the potential value.

Jeanne Walters