Lamar Holding, an infrastructure and energy developer, is set to invest more than $7 billion in Saudi Arabia beginning in 2026, and its chief executive stated that about public-private partnership (PPP) projects and a few hospitality and institutional holdings.
In conversation with the Saudi Arabian language newspaper Al Eqtisadiah on the sidelines of the World Economic Forum (WEF) in Davos, CEO Dr. Lina Noureddin said the company’s current investment portfolio stands at about $3 billion, spanning energy, water, and infrastructure.
She reported that the reform programme under Vision 2030 in Saudi Arabia has been one of the main drivers of the growth programme of Lamar, referring to the Kingdom’s economic resilience, political stability, and maturing regulatory framework as some of the main attractions of international capital.
Nour Al-Din indicated that the Bahrain-based company had already attracted about $3 billion of international investment capital in Saudi development, which indicated increased international trust in the market.
She said that the anticipated returns in the Kingdom, which have been averaging 8-12 percent, are still well competitive to other places and emphasized the growing enthusiasm of investors in the United States, Europe and China to venture into the Saudi market.
She reported that the company has also invested about 500 million Saudi riyals ($133 million) in start-ups to date and plans to increase to SAR 1 billion ($267 million).
Lamar has also invested another SAR 1 billion in acquisition opportunities and platform building in the water, healthcare, and construction sectors.
Lamar Holding, in a consortium with Etihad Water and Electricity Company (EtihadWE) of the UAE and Shaanxi Construction Engineering Group of China, had been reported earlier by Zawya Projects as the reserve bidder in the 859 km of the Riyadh-Qassim Independent Water Transmission Pipeline project.
The company, along with the other parts of the consortium comprising Marafiq and Veolia, which had signed in September, a 30-year contract with the Saudi Aramco Total Refining and Petrochemical Company (SATORP) to construct and operate a $500 million water reuse facility in Jubail to treat and recycle industrial wastewater.
Lamar Holding was prequalified by the Ministry of Defence in Saudi Arabia to perform the Riyadh Administrative Office PPP Project in September 2025.
Therefore, the Lamar Holding, collaborating with Safari Company and SCEGC, was one of five consortiums in the racefor the Asir-Jazan Highway Project in the previous month.
The Lamar Holding website reported that the company is one of the leading developers in the GCC region of large-scale PPP projects in oil and gas, energy transition, water distribution, and social infrastructure sectors. The company’s Saudi office is based in Riyadh.
