Saudi Arabia awarded USD 54.2 billion of power contracts in 2024. By early September 2026, the year’s total stood at USD 3.38 billion.
MEED’s Mark Dowdall puts 2023 at USD 26.1 billion and 2025 at USD 27.5 billion. Wind took USD 4.4 billion of the 2025 awards, and USD 2.2 billion of wind work is still at bid evaluation or main-contract tender.
Round 7 wind bids were due in September: 1,300 MW at Bilgah and 900 MW at Shagra, 2,200 MW together. MEED says contracts from Round 7 may now fall into 2027 rather than materially lifting this year’s total.
Two cautions. These are all-power figures, with wind one slice of them. And MEED links the slowdown partly to a shift toward battery storage and transmission, alongside Round 7 procurement delays.
Our reading
The wind money is at bid stage, with no awards yet. A bid is a promise. An award is a purchase order, and the supply chain only hears the second one.
