We provide comprehensive analysis of Saudi Arabia's EPC project trends, bidding data, and risks to support your guarantee insurance and mutual aid operations.
Samsung E&A is ramping up civil construction for the Zuluf water treatment facility Phase 2 in Saudi Arabia, expanding its non-chemical infrastructure portfolio. Additionally, a partnership between the Korea Gas Safety Corporation and Samsung E&A aims to export plant safety diagnosis technology, strengthening tech-based entry for South Korean companies.
Samsung E&A has officially started civil construction for Saudi Arabia's Zuluf water treatment facility phase 2, accelerating its expansion into non-chemical infrastructure. Meanwhile, main bidding for Aramco subsidiary SASREF's petrochemical integration and expansion project is slated to open in the fourth quarter of this year, drawing keen interest in whether major South Korean builders like Samsung E&A will participate. According to Aramco's official newsroom, no new major EPC orders or contract signings have been announced within the last 24 hours (since October 10, 2026).
In the first half of 2026, Saudi Arabia's project pipeline reached $2.07 trillion, with Aramco's SASREF expansion main bidding set to kick off in the fourth quarter. Meanwhile, the recent Korea-Saudi Business Investment Forum explored expanded infrastructure and energy collaboration.
As Saudi Arabia's project pipeline reached $2.07 trillion in the first half, driving market expansion, Aramco's SASREF expansion main bidding is set to kick off in Q4, drawing keen interest from domestic companies. Additionally, the Korea-Saudi Business Investment Forum explored ways to strengthen cooperation in infrastructure and energy, highlighting policy financial support as a key driver for securing contract competitiveness.
Following October 5, 2026, the Saudi petrochemical and plant EPC market sees Aramco's SASREF refinery and petrochemical integration expansion project main bidding scheduled for the fourth quarter. Additionally, the Korea-Saudi Business Investment Forum discussed strengthening cooperation in advanced industries and energy resources between the two countries.
No major new orders have been announced in the past 24 hours for the Saudi petrochemical and plant EPC market, though key ongoing projects include Samsung E&A's 4.7 trillion won fertilizer plant contract from the past three weeks and KEXIM's $1.2 billion financing for the Saudi Electricity Company. Monitoring payment collection risks for local construction firms remains essential.
사우디 EPC 시장은 삼성E&A의 SABIC AN 암모니아·요소 프로젝트 수주 이후 후속 사업 기대감이 커지고 있습니다. MEED는 SABIC이 올해 36억 달러 이상의 최종투자결정을 완료하며 10년래 최대 규모의 프로젝트를 추진 중이라고 전했습니다. 국내 기업은 수은의 사우디 전력공사 금융지원을 발판 삼아 전력 인프라 진출을 모색 중입니다.
Samsung E&A has cemented its competitiveness in the Middle East by independently securing a massive integrated ammonia and urea fertilizer plant EPC contract worth approximately $3.5 billion (around 4.7 trillion KRW) from SABIC Agri-Nutrients in Saudi Arabia. With this win, Samsung E&A has achieved its annual order target in just nine months, reflecting a global EPC market shift toward integration capabilities.
Saudi Aramco has wrapped up a preliminary feasibility study for a major domestic LNG terminal, drawing strong interest regarding potential project wins for South Korean plant builders like Samsung E&A and Hyundai E&C.
As the Saudi plant market faces risks from employment growth slowdowns and cost pressures due to giga-project realignments, SGC E&C has adopted a next-generation Advanced Work Packaging (AWP) system to boost its competitiveness. Meanwhile, GS E&C is pushing for a turnaround via the Fadhili project despite its Saudi local subsidiary falling into complete capital impairment, while government-level infrastructure support financing ($6 billion) is acting as a strong tailwind for Korean firms securing new contracts.
사우디의 건설 고용 둔화와 기가 프로젝트 재조정 여파를 점검하고, 최근 주요 수주 동향과 리스크 요인을 정리한 리포트야.
Over the past 24 hours, mixed signals emerged in the Saudi market, including SGC E&C entering the top 10 for industrial plants and Saudi construction employment growth slowing to 6%. On August 24, Aramco announced strengthened global partnerships with French companies, hinting at a supply chain diversification strategy, though no new EPC contract announcements dedicated to South Korean firms were confirmed.
SNT걸프가 사우디아라비아 주베일 지역 SABIC 석유화학 플랜트 복구 프로젝트에서 320억 원 규모의 공급계약을 따내며 국내 기업의 중동 복구·재건 시장 진출이 빨라지고 있습니다. 이와 함께 수출입은행의 선금융 지원과 아람코의 글로벌 파트너십 강화 등 현지 동향이 주목받고 있습니다.
The Export-Import Bank of Korea (KEXIM) announced a $1.2 billion advance financing package for Saudi Energy to strongly back Korean companies in securing Saudi power infrastructure projects. Meanwhile, the Saudi landscape is diversifying as Saudi Aramco and Maaden agreed to form a joint venture for mineral exploration and mining.
지난 24시간 동안 사우디 내 신규 석유화학 및 플랜트 EPC 발주 공고는 없었으나, 오만의 태양광 및 석유 인프라 입찰이 진행 중이며 한국 기업을 위한 정책금융 지원도 확대되는 추세입니다. 다만, 사우디 정부의 재정 압박에 따른 대금 지급 지연은 여전히 주의가 필요한 리스크 요인입니다.
중동 지역의 EPC 활동이 활발한 가운데, 사우디 본토의 석유화학·플랜트 발주 소식은 없었습니다. 쿠웨이트와 오만에서 주요 프로젝트가 진행 중이며, 한국 기업을 위한 정책금융 지원이 강화되고 있습니다.
India's L&T has landed a $1 billion EPC contract for oil export facilities with the Kuwait Oil Company. Meanwhile, concerns over payment delays in Saudi Arabia persist, prompting the Korean government to strengthen financial support for local firms entering Middle Eastern infrastructure projects.
The EPC market for petrochemicals and plants in Saudi Arabia and the GCC region remains active with new projects. However, Korean companies are increasingly concerned about potential payment delays and construction setbacks.
While there were no major new project bids in the GCC EPC market today, the Jafurah Phase 5 tender and the PDO 6-year EPC framework are ongoing. We’re keeping a close eye on the persistent risks of Saudi payment delays and project schedule setbacks.
Oman is seeing a wave of major solar and gas EPC projects, keeping the regional plant market healthy. However, with ongoing reports of construction delays and payment collection issues in Saudi Arabia, Korean firms need to keep a close eye on cash flow when signing new contracts.
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