Highlights from the Q3 2021 report include:
- The value of awarded contracts increased to SAR26.8 billion ($7.2 billion) during the third quarter, marking four consecutive quarters of growth and a 262 percent jump YoY. The total value reached SAR71.8 billion ($19.1 billion) through the first three quarters of 2021.
- The USSBC Contract Awards Index ascended to 114.84 points as momentum builds on increased contract awards. The CAI remained above the 100 point threshold over the last two quarters.
- The real estate sector led with the highest value of awarded contracts, accounting for approximately SAR6.2 billion ($1.7 billion). The power sector continued its surge this year, netting the second spot as the value of awarded contracts reached approximately SAR4.7 billion ($1.3 billion). The transportation sector climbed to a top three position for the first time this year with approximately SAR4.6 billion ($1.2 billion) worth of awards.
USSBC Contracts Awards Index Report – Q3 2021