The number of companies operating in Saudi’s contracting sector has crossed 165,000 as projects reached 20 trillion riyals ($5.3 trillion) in value over the past five years, Saudi Press Agency (SPA) reported citing the Saudi Contractors Authority.
The total number of workers entering the contracting industry from various professions has surged to 3 million, stated Engineer Zakaria bin Abdul Rahman Al-Abdul Qader, the Chairman of the Board of Directors of the Saudi Contractors Authority.
The contracting sector employs workers from various professions, with more jobs being localized under legislative efforts, Al-Abdulqader said.
Al Qader was speaking at an event organized by the Federation of Saudi Chambers to discuss the prospects for cooperation and the Authority’s initiatives and services to organize and develop the contracting sector.
The event witnessed the signing of an agreement between the Federation of Saudi Chambers and Saudi Contractors Authority, signed by the Secretary-General of the Federation, Hussein Al Abdul Qader, and Engineer Al Suwaid, that stipulates expanding the scope of co-operation between the two sides, laying the foundations and standards for organizing and developing the sector, said the SPA report.
The agreement stressed activating relevant regulations and decisions, enabling national facilities to undertake building and construction projects, improving their working conditions, providing technical advice to companies, identifying challenges and obstacles, providing proposals and solutions, and enhancing the participation of sector facilities in construction programs per the Saudi’s 2030 vision.
