Ambitious projects surge amid uncertainty

“The upward trend in regional spending is reflected in the number of megaprojects with a value above $10bn.

“After Neom, which remains in the study phase, the region’s largest upcoming scheme is the $30.4bn Jeddah public transportation programme, for which the first contract, a $1bn deal for the Obhur suspension bridge, is due to be awarded in April 2019. Further components of its $12.4bn first phase – now largely at the main contract bid stage – are expected from as early as November 2019. The next largest upcoming projects are..”

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