According to the statistics of the Middle East Economic Digest, the total amount of projects under implementation in Saudi Arabia has reached 266.2 billion US dollars, and the amount of projects in reserve for implementation has reached 630.4 billion US dollars. Construction projects accounted for the highest proportion of pending projects, amounting to US$218.7 billionPower and water projects followed with US$164.9 billionThis was followed by energy and industrial projects with $139.8 billionThe transportation project amounted to 107 billion US dollars, which shows Saudi Arabia's status as the big brother in the Middle East.
At present, the top 10 projects that have passed the feasibility study in Saudi Arabia are as follows, and these projects are currently in different stages such as implementation, design, bidding, and pre-qualification
no.1: The 5th round of renewable energy projects in Saudi Arabia, the owner is SPPC, and the project amount is 770 billion US dollars, in the pre-qualification stage, the project starts and ends from 2024 to 2028;
no.2: Saudi Arabia Red Sea Project Phase 2, the owner is RSG, and the project amount is 700 billion US dollars, in the design stage, the project starts and ends from 2025 to 2030;
no.3: The rail connection project of The Spine, the backbone of transportation and logistics of the NEOM New City LINE project in Saudi Arabia, is owned by NEOM, and the project amount is 640 billion US dollars, in the implementation stage, the project starts and ends from 2023 to 2027;
no.4: Saudi Arabia Qiddiya City Center Project, the owner is QIC, the project amount is 600 billion US dollars, in the implementation stage, the project starts and ends from 2023 to 2027;
no.5: Saudi Arabia nuclear power plant reactor phase 1, the owner is Ka-care, the project amount is 600 billion US dollars, in the bidding stage, the project starts and ends from 2024 to 2026;
no.6: Saudi Arabia Qiddiya City Sports Comprehensive Project, the owner is QIC, and the project amount is 550 billion US dollars, in the implementation stage, the project starts and ends from 2023 to 2027;
no.7: The third phase of the Kingdom National School project, the owner is TBC, and the project amount is 53$0 billion, in the design stage, the project starts and ends in 2024-2028;
no.8: Riyas LNG fractionation project, the owner is Saudi Aramco, the project amount is 500 billion US dollars, in the implementation stage, the project starts and ends from 2023 to 2026;
no.9: The 4th round of Saudi renewable energy projects, the owner is SPPC, and the project amount is 46$2.5 billion, in the implementation phase, the project starts and ends in 2023-2026;
no.10: Saudi Arabia Riyadh to Dammam railway project, the owner is SAR, the project amount is 45$0 billion, in the design stage, the project starts and ends in 2024-2027.