MARKETS

TASI 11,091 -0.9% UAE Index $19.39 -0.4% EGX 30 51,974 -0.6% Gold $4,570 -1.6% Oil (Brent) $110.58 +2.2% S&P 500 7,234 +0.1% Bitcoin $78,952 +0.5%

العربية

PIF budget cuts

Saudi Giga-Projects Shelved in 2026: Which Are Delayed?

Business

Saudi Arabia's Construction Collapse: Which Giga-Projects Are Being Quietly Shelved in 2026?

Saudi Arabia's construction sector is contracting sharply in 2026. Contract awards have fallen to less than half of 2024 levels, PIF is cutting capital commitments, and NEOM has been quietly rescoped — yet Saudi GDP…

Mar 17, 2026