Highlights from the Q2 2021 report include:
- The value of awarded contracts reached SAR25.8 billion ($6.9 billion) during the second quarter, marking three consecutive quarters of growth and a 134 percent jump YoY. The total value reached SAR45 billion ($12 billion) through the first half of 2021.
- The USSBC Contract Awards Index climbed to 101.74 points as business conditions continue to improve. The CAI settled above the 100 point threshold after contracting the last two quarters.
- The power sector registered the highest value of awarded contracts once again with approximately SAR7.6 billion ($2 billion). The petrochemicals sector surged to the second spot as the value of awarded contracts reached approximately SAR4.6 billion ($1.2 billion). The water sector rounded out the third highest value with approximately SAR3.3 billion ($878 million) worth of awards.
USSBC Contracts Awards Index Report – Q2 2021