Saudi Arabia is expected to award projects worth around 31.5 billion Saudi riyals ($8.4 billion) in the second half of 2021, according to a local report. 

A large part of those contracts was to be awarded in 2020, but the process was delayed due to the spread of coronavirus, the Saudi-American Business Council said in a report published by Al-Madina and other Saudi newspapers. 

The report showed the government awarded projects worth nearly 5.2 billion ($1.38 billion) in the first quarter of 2021. 

Energy projects accounted for nearly 27 percent of the total, with a value of 1.6 billion riyals ($426 million), the report said, adding that 22 energy contracts were awarded. 

During 2020, Saudi Arabia awarded power and renewable energy projects worth nearly 8.1 billion ($2.16 billion), the report showed. 

(Writing by Nadim Kawach; Editing by Anoop Menon)


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