Prime Highlights:

• Saudi Arabia secured 51% of total GCC project awards in Q3 2025, driven by major investments in infrastructure, tourism, and real estate under Vision 2030.
• The region continues to attract strong investor interest with a $1.78 trillion pipeline of future projects, highlighting long-term growth potential.

Key Facts:

• Saudi Arabia’s Q3 project awards totaled $28.1 billion, led by the power sector ($9.8B), construction ($5.2B), and oil ($3.9B).
• GCC-wide contract awards hit $54.8 billion in Q3 2025, with total awards for the first nine months reaching $154.4 billion.

Background

Saudi Arabia topped the GCC projects market in the third quarter of 2025 by securing $28.1 billion in contracts, which represents 51% of the regional activity, according to Kamco Invest. The high performance of the Kingdom is because of continued improvement in infrastructure, tourism, and real estate developments as part of its Vision 2030.

Across the GCC, total contract awards reached $54.8 billion in Q3, while awards over the first nine months totaled $154.4 billion. Kamco expects project activity to pick up in the fourth quarter, driven by Saudi Arabia and the UAE, even though full-year 2025 awards may fall slightly below 2024’s record.

In Saudi Arabia, the power sector led with $9.8 billion in awards, followed by construction at $5.2 billion and oil at $3.9 billion. Major contracts included an $853 million road project for Almabani General Contractors and a $167 million Pirelli tyre plant in King Abdullah Economic City. The surge in giga-projects to $196 billion shows a clear move from planning to execution.

UAE registered Q3 awards of $6.7 billion, and among these were a Sharjah Madar Mall contract of $593 million and the Erisha Smart Manufacturing Hub contract of $300 million. Qatar recorded a significant amount of $13.6 billion owing to the oil and gas projects related to the 2030 Asian Games, whereas Kuwait reported $4.3 billion owing to the Al Zour North IWPP project.

The GCC has $1.78 trillion worth of future projects planned, mainly in construction, transport, and power. Saudi Arabia represents $887 billion and the UAE $434 billion, offering strong opportunities for investors, developers, and contractors.

With active project execution and a large pipeline, the GCC projects market shows growth, resilience, and business potential, making the region attractive for infrastructure and industrial investment.