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USSBC Contracts Awards Index Report – Q1 2023

USSBC Contracts Awards Index Report – Q1 2023

November 13, 2023 Quarterly USSBC Contract Awards Index Reports

Highlights from the Q1 2023 report include:

  • The total value of awarded contracts continued unabated during the first quarter, reaching SAR67 billion ($17.7 billion), marking a 41 percent jump compared to last year. However, the value decreased by 7 percent compared to last quarter.

 

  • The USSBC Contract Awards Index climbed to 270.15 points as the sector witnesses continued momentum, which has elevated the CAI above the 200-point mark for six consecutive months.

 

  • The transportation sector registered the highest value of awarded contracts with approximately SAR18 billion ($4.8 billion). The real estate sector climbed to the second spot as the value of awarded contracts reached approximately SAR16 billion ($4.2 billion). The water sector surged to reach the third highest value with approximately SAR10 billion ($2.6 billion) worth of awards.

 

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Tags: Architecture Construction & Engineering Economic BriefsBusinessconstructioncontractsEconomicseconomyFDIfinanceInvestmentReportSaudi Arabia
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