Riyadh Kicks Off SAR 9.8B Round of Road Projects

The Royal Commission for Riyadh City launched its fourth batch of road projects, putting SAR 9.8 billion toward a citywide roads program.

The batch covers five highway corridors in the capital, part of a larger push to build out Riyadh's main and ring road axes. The commission has now started three of the four planned phases. A fifth phase has not yet been announced.

The program is one piece of Riyadh's broader infrastructure buildout ahead of the 2030 World Expo. The city is adding transit lines, expanding the airport, and redeveloping several downtown districts in parallel.

Saudi construction firms with local road and highway exposure stand to win contracts from the program. The commission named a shortlist of companies prequalified to bid on earlier phases. No contract awards have been disclosed for the fourth batch.

The fourth batch announcement did not specify timelines. Earlier batches in the program target completion in stages through 2028.

The SAR 9.8 billion number covers the fourth batch alone. Total spending across the full roads program has not been disclosed.

For investors tracking Saudi construction exposure, the next hard catalyst is the contract award list. The commission typically names winning bidders within three to six months of a batch launch, based on earlier phases of the same program.