Saudi Arabia’s Vision 2030 contracts near $200B even as new awards slow

Saudi Arabia’s Vision 2030 contracts near $200B even as new awards slow

While headlines have focused on delays and downsizing across some of Saudi Arabia’s Vision 2030 gigaprojects, new data shows the kingdom is still awarding contracts for them. According to real estate consultancy Knight Frank, contracts awarded since 2016 — the year the diversification program was launched — have reached $196 billion, up 20% since the beginning of the year. Still, overall contract awards across all projects in the kingdom have de…