Highlights from the Q2 2022 report include:
- The total value of awarded contracts during the first quarter reached SAR48.6 billion ($12.9 billion), marking an 88 percent jump compared to last year. The total value reached SAR94.5 billion ($25.2 billion) through the first half of 2022.
- The USSBC Contract Awards Index climbed to 230 points as the sector witnesses a resurgence in construction activity and elevating the CAI above the 200-point mark in three consecutive quarters.
- The transportation sector rallied to the highest value of awarded contracts with approximately SAR22.3 billion ($6 billion). The oil & gas sector slipped to the second spot as the value of awarded contracts reached approximately SAR9.7 billion ($2.6 billion). The water sector rounded out the top three sectors to reach SAR6.1 billion ($1.6 billion) worth of awards.