Saudi Arabia Projects, H1 2022 - Outlook of Major Projects in Saudi Arabia - MEED Insights
Private Sector participation (PSP) Law and Public-private partnership (PPP)
Saudi Arabia’s privatisation drive is poised to advance further in 2022, driven by legislative support from Riyadh and its appetite to work more closely with the private sector.
The kingdom’s push for PPPs in recent years forms part of its wider strategy to modernise state-owned assets and attract international investors in order to de-risk government spending. Riyadh expects its long-term growth ambitions will attract investors towards its PPP schemes, and has implemented legislative improvements in the past two years to help overcome the structural hurdles to privatisation in the kingdom.
In early January 2022, the National Centre for Privatisation & PPP (NCP) approved the implementing regulations of the new PSP law , which was approved in March 2021.
Economic outlook
The Saudi economy has shown signs of improvement in 2021. It recorded a quarterly budget surplus during the third quarter of the year - its first since the first quarter of 2019. Overall, real GDP growth is estimated to have grown by 2.8 per cent in 2021 and is forecast to grow by 4.8 per cent in 2022 driven by oil sector recovery and improvement in non-oil activities.
Project contract awards and Outlook
Summary
Private Sector participation (PSP) Law and Public-private partnership (PPP)
Saudi Arabia’s privatisation drive is poised to advance further in 2022, driven by legislative support from Riyadh and its appetite to work more closely with the private sector.
The kingdom’s push for PPPs in recent years forms part of its wider strategy to modernise state-owned assets and attract international investors in order to de-risk government spending. Riyadh expects its long-term growth ambitions will attract investors towards its PPP schemes, and has implemented legislative improvements in the past two years to help overcome the structural hurdles to privatisation in the kingdom.
In early January 2022, the National Centre for Privatisation & PPP (NCP) approved the implementing regulations of the new PSP law , which was approved in March 2021.
Economic outlook
The Saudi economy has shown signs of improvement in 2021. It recorded a quarterly budget surplus during the third quarter of the year - its first since the first quarter of 2019. Overall, real GDP growth is estimated to have grown by 2.8 per cent in 2021 and is forecast to grow by 4.8 per cent in 2022 driven by oil sector recovery and improvement in non-oil activities.
Project contract awards and Outlook
Reasons to Buy
- Opportunities and challenges in the kingdom’s projects market
- Analysis of the pipeline of planned projects and contract awards 2021-2023
- Key policies and drivers shaping the outlook for projects in Saudi Arabia
- Political and economic background
- The barriers and challenges that may arise
- Sector-by-sector breakdown of future project plans
- Key drivers of projects in each sector
- Saudi Arabia’s most valuable key projects and major project sponsors
Table of Contents
- Executive Summary
- Saudi Arabia Country Overview
- Saudi Arabia Projects Market
- Oil and Gas
- Construction
- Transport
- Industrial
- Power and Water
List of Tables
Table 1 Top Projects
Table 2 Biggest planned and un-awarded projects in Saudi Arabia
Table 3 Top Oil and Gas Sector Projects
Table 4 Biggest planned and un-awarded Oil and Gas projects in Saudi Arabia Due in Bidding Stage
Table 5 Biggest planned and un-awarded Oil and Gas projects in Saudi Arabia at Design, FEED or Study Stage
Table 6 Top Construction Sector Projects
Table 7 Biggest planned and un-awarded Construction projects in Saudi Arabia Due in Bidding Stage
Table 8 Biggest planned and un-awarded Construction projects in Saudi Arabia at Design, FEED or Study Stage
Table 9 Top Transport Sector Projects
Table 10 Biggest planned and un-awarded Transport projects in Saudi Arabia Due in Bidding Stage
Table 11 Biggest planned and un-awarded Transport projects in Saudi Arabia at Design, FEED or Study Stage
Table 12 Top Industrial Sector Projects
Table 13 Biggest planned and un-awarded Industrial projects in Saudi Arabia Due in Bidding Stage
Table 14 Biggest planned and un-awarded Industrial projects in Saudi Arabia at Design, FEED or Study Stage
Table 15 Top Power and Water Sector Projects
Table 16 Biggest planned and un-awarded Power and Water projects in Saudi Arabia Due in Bidding Stage
Table 17 Biggest planned and un-awarded Power and Water projects in Saudi Arabia at Design, FEED or Study Stage
List of Figures
Figure 1 Saudi Arabia country map
Figure 2 GDP by sector, 2020 (%)
Figure 3 Saudi Arabia Nominal GDP vs. GDP Growth, 2012-24
Figure 4 Saudi Arabia budget, 2012-22 (SAR bn)
Figure 5 Gulf Projects Index Value of all projects in Saudi Arabia ($m)
Figure 6 Projects market by project status ($m)
Figure 7 Projects market by sector ($m)
Figure 8 Value of contracts awards by year ($m)
Figure 9 Value of contract awards by year and sector ($m)
Figure 10 Saudi Arabia project contract awards, July-December 2012-2021
Figure 11 Number of Contracts Awarded 2012-21
Figure 12 Biggest clients in Saudi Arabia by value of contracts in execution ($m)
Figure 13 Biggest contractors in Saudi Arabia by contracts in execution ($m)
Figure 14 Projects planned but un-awarded by status ($m)
Figure 15 Projects planned but un-awarded by sector ($m)
Figure 16 Biggest clients in Saudi Arabia by value of contracts planned ($m)
Figure 17 Saudi Arabia contracts award forecast 2022-25 ($m)
Figure 18 Value of Oil and Gas contract awards by year ($m)
Figure 19 Oil and gas projects market by project status ($m)
Figure 20 Oil and gas projects market by subsector (%)
Figure 21 Value of Oil and Gas contract awards by year and subsector ($m)
Figure 22 Biggest Oil and Gas Sector clients in Saudi Arabia by value of contracts in execution ($m)
Figure 23 Biggest Oil and Gas Sector contractors in Saudi Arabia by contracts in execution ($m)
Figure 24 Oil and Gas Projects planned but un-awarded by status ($m)
Figure 25 Oil and Gas Sector Projects planned but un-awarded by subsector ($m)
Figure 26 Biggest Oil and Gas Sector Future Clients
Figure 27 Value of Construction contract awards by year ($m)
Figure 28 Construction projects market by project status ($m)
Figure 29 Construction projects market by subsector (%)
Figure 30 Value of Construction contract awards by year and subsector ($m)
Figure 31 Biggest Construction Sector clients in Saudi Arabia by value of contracts in execution ($m)
Figure 32 Biggest Construction Sector contractors in Saudi Arabia by contracts in execution ($m)
Figure 33 Construction Projects planned but un-awarded by status ($m)
Figure 34 Construction Sector Projects planned but un-awarded by subsector ($m)
Figure 35 Biggest Construction Sector Future Clients
Figure 36 Value of Transport contract awards by year ($m)
Figure 37 Transport projects market by project status ($m)
Figure 38 Transport projects market by subsector (%)
Figure 39 Value of Transport contract awards by year and subsector ($m)
Figure 40 Biggest Transport Sector clients in Saudi Arabia by value of contracts in execution ($m)
Figure 41 Biggest Transport Sector contractors in Saudi Arabia by contracts in execution ($m)
Figure 42 Transport Projects planned but un-awarded by status ($m)
Figure 43 Transport Sector Projects planned but un-awarded by subsector ($m)
Figure 44 Biggest Transport Sector Future Clients
Figure 45 Value of Industrial contract awards by year ($m)
Figure 46 Industrial projects market by project status ($m)
Figure 47 Industrial projects market by subsector (%)
Figure 48 Value of Industrial contract awards by year and subsector ($m)
Figure 49 Biggest Industrial Sector clients in Saudi Arabia by value of contracts in execution ($m)
Figure 50 Biggest Industrial Sector contractors in Saudi Arabia by contracts in execution ($m)
Figure 51 Industrial Projects planned but un-awarded by status ($m)
Figure 52 Industrial Sector Projects planned but un-awarded by subsector ($m)
Figure 53 Biggest Industrial Sector Future Clients
Figure 54 Value of Power and Water contract awards by year ($m)
Figure 55 Power and Water projects market by project status ($m)
Figure 56 Power and Water projects market by subsector (%)
Figure 57 Value of Power and Water contract awards by year and subsector ($m)
Figure 58 Biggest Power and Water Sector clients in Saudi Arabia by value of contracts in execution ($m)
Figure 59 Biggest Power and Water Sector contractors in Saudi Arabia by contracts in execution ($m)
Figure 60 Power and Water Projects planned but un-awarded by status ($m)
Figure 61 Power and Water Sector Projects planned but un-awarded by subsector ($m)
Figure 62 Biggest Power and Water Sector Future Clients
