Highlights from the Q2 2023 report include:
- The total value of awarded contracts remained strong during the second quarter, reaching SAR60 billion ($16 billion), marking a 23 percent jump compared to last year. The total value reached SAR126 billion ($33.6 billion) through the first half of 2023.
- The USSBC Contract Awards Index settled at 279.51 points as the sector witnesses continued momentum, which has elevated the CAI above the 200-point mark for nine consecutive months.
- The transportation sector registered the highest value of awarded contracts and reached approximately SAR16.7 billion ($4.5 billion). The real estate sector accumulated the second highest value of awarded contracts with approximately SAR15 billion ($4.1 billion). The petrochemicals sector surged to reach the third highest value with approximately SAR11 billion ($3 billion) worth of awards.
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