We provide comprehensive analysis of Saudi Arabia's EPC project trends, bidding data, and risks to support your guarantee insurance and mutual aid operations.
Saudi Arabia saw a record-breaking SAR 29 billion (approx. USD 7.9 billion) in project orders for June 2026, with 27 companies pre-qualified for BESS tenders. Meanwhile, Korean builders remain cautious due to past tax disputes and concerns over potential NEOM project cancellations.
Saudi Arabia saw 25 projects worth $7.9 billion awarded in June, while the UAE's Upper Zakum oil field moved into the EPC phase. Keep an eye on financial risks, including potential blocks on Saudi-UAE money transfers and frozen payments to global consultants.
Saudi Arabia saw a monthly high of $790M in project orders in June, opening more doors for Korean firms backed by policy financing. Just keep an eye on shifting visa rules and potential payment collection risks.
As of today, there have been no new contract announcements for domestic firms in the Saudi petrochemical and plant EPC market. However, tax risks are intensifying, highlighted by the 853.3 billion KRW tax assessment against DL E&C. Additionally, financing challenges for mega-projects like NEOM continue to require caution.
As of June 26, 2026, new project opportunities for Korean firms in the Saudi petrochemical and plant EPC market remain limited. The 853.3 billion KRW tax penalty imposed on DL E&C by Saudi authorities highlights growing financial and contractual risks. Despite improved policy financing support following a Korea-Saudi energy MOU, project delays caused by Saudi fiscal strain continue to pose challenges.
오늘 사우디 내 신규 EPC 수주 소식은 없었습니다. 현재 시장은 중동 지역 LNG 프로젝트의 활기 속에서도 사우디 내 기존 공사 지연과 대금 지급 리스크가 계속해서 발목을 잡는 모습입니다.
The EPC landscape in Saudi Arabia is evolving as Korean companies strengthen their foothold, bolstered by new energy cooperation MOUs. However, risks persist due to delays in Neom City projects and local financial constraints.
The new energy MOU between South Korea and Saudi Arabia is opening doors for infrastructure projects, giving Korean construction firms a competitive edge in the Middle East. However, we need to stay cautious, as payment freezes in Saudi Arabia and funding issues for mega-projects remain significant risks.
The new oil and gas MOU between South Korea and Saudi Arabia is set to open more doors for Korean firms in energy infrastructure projects. However, it’s worth keeping a close eye on payment risks, as the Saudi government's ongoing freeze on payments to global consultants continues to be a concern.
While Korean companies are expanding their global EPC footprint, they're also facing serious payment delays and cost escalations in Saudi Arabia. Samsung E&A is growing as a key player, but uncertainty in the Middle East market is rising.
Saipem secured a €900M contract for the Uthmaniyah gas plant, while Samsung E&A emerges as a key global EPC partner. Despite strengthened energy cooperation, risks remain due to massive losses from the canceled NEOM project.
Saipem has secured a $1 billion contract for the Uthmaniyah gas compression plant. While South Korea and Saudi Arabia are strengthening their energy supply chains, major concerns remain regarding payment delays for consultants and the cancellation of projects like Neom City, posing financial risks to contractors.
Saipem has won the EPC contract for the Uthmaniyah gas compression plant in Saudi Arabia, while ongoing risks like Neom City cancellations and payment freezes continue to challenge the market. Doosan Enerbility’s recent combined heat and power plant win highlights potential opportunities for Korean firms.
While Korean firms are securing major power and cogeneration projects in Saudi Arabia, risks are rising due to Neom City cancellations and a freeze on government payments. Both nations are working together to stabilize supply chains for crude oil and naphtha while pursuing expanded plant cooperation.
While Korean firms are actively expanding in the Saudi plant market, the cancellation of the NEOM project is triggering massive losses and payment freezes. The KEPCO-Doosan consortium’s 2.1 trillion won Jafurah Phase 2 win is a bright spot, but geopolitical risks and payment delays remain major concerns.
KEPCO and Doosan Enerbility have secured the Jafurah 2 combined heat and power project in Saudi Arabia. While this is a big win, we need to keep a close eye on risks like payment delays and Neom City project cancellations.
Doosan Enerbility recently snagged an 840 billion KRW order for the second phase of the Jafurah cogeneration plant in Saudi Arabia. While Korean firms are stepping up their presence in the Saudi energy sector, we’re keeping a close eye on ongoing project delays linked to funding issues for Neom City and reports of the Saudi government freezing payments.
A KEPCO-Doosan consortium has landed the Jafurah 2 cogeneration plant project in Saudi Arabia, worth about 2.1 trillion won, marking a big step for Korean firms in the Middle East. However, we need to keep a close eye on risks like construction delays and payment issues linked to Saudi funding shortages for mega-projects.
KEPCO and Doosan Enerbility have secured the Jafurah 2 cogeneration plant project in Saudi Arabia, marking a significant milestone in Middle Eastern energy infrastructure. While South Korea and Saudi Arabia are discussing deeper cooperation on oil, gas, and petrochemical projects, concerns persist regarding payment uncertainties and potential delays in large-scale Saudi infrastructure developments.
KEPCO and Doosan Enerbility have secured the contract for the Jafurah 2 cogeneration plant in Saudi Arabia, with KEPCO expecting 2.1 trillion won in power and steam sales over 17 years. Meanwhile, risks persist regarding project delays caused by rising insurance premiums in the Persian Gulf and Neom City funding challenges.
Create custom signals on any topic. AI curates and delivers 24/7.
Create SignalPowered by
