New data shows that contract awards surged by 20 percent, reaching $196 billion. This rise reflects Saudi Arabia’s ongoing transformation under its ambitious Vision 2030 program. The nation’s focus on real estate, infrastructure, and tourism is fueling rapid development and creating thousands of new jobs.
Moreover, the project of Saudi Giga highlights a major shift from planning to execution. The capital, Riyadh, remains the heart of this transformation. Landmark developments such as Diriyah Gate, King Salman Park, and the Sports Boulevard are redefining the city’s skyline. As a result, Riyadh is quickly emerging as a global center for business and lifestyle innovation.
Furthermore, experts believe the construction sector will continue to expand strongly. Analysts project total construction output to reach $191 billion within a few years, driven by urban growth and housing demand. This momentum reflects both private and public sector confidence in Saudi Arabia’s development strategy.
In Riyadh, the government’s investments continue to attract international attention. Projects worth more than $237 billion cover real estate, transportation, and infrastructure. Of this, $44 billion has already been awarded to construction firms. These developments will help the capital’s population grow to over 10 million while delivering new homes, offices, and hotels.
Diriyah Gate stands out as one of the Kingdom’s most advanced Saudi Giga Projects. It has already received $14.5 billion in commissioned projects, with another $45.6 billion in progress. This initiative blends heritage and modernity, transforming the birthplace of the first Saudi state into a global cultural landmark.
Meanwhile, western Saudi Arabia is witnessing significant growth through major projects such as Neom, Qiddiya, and Red Sea Global. These ventures aim to promote luxury tourism, futuristic living, and sustainability. Total investments in the region have surpassed $431 billion, creating new opportunities across industries.
Additionally, Saudi Arabia is investing heavily in sports and entertainment. Around a dozen stadiums are under construction or expansion, totaling $17.5 billion in value. These venues will host major international events and enhance community engagement. Entertainment projects worth $4.7 billion will add new theme parks, cinemas, and family centers nationwide.
Outside Riyadh, the government continues to invest in housing and urban renewal. Programs like ROSHN and the National Housing Company are creating new communities and improving quality of life. These initiatives demonstrate how Vision 2030 is turning ambitious goals into real progress.
Ultimately, Giga Projects symbolize the country’s determination to diversify its economy and attract global investment. Every new contract strengthens the Kingdom’s infrastructure and global standing. With momentum building across all sectors, Saudi Arabia is moving confidently toward its Vision 2030 goals.
