9 Days
Source:
الاقتصادية
Saudi Arabia prepares 117,000 contractors for major projects amid small contractor development
The construction sector in Saudi Arabia has experienced strong momentum thanks to the volume of ongoing projects. There are approximately 117,000 registered contractors with the Saudi Contractors Authority, with estimates indicating increased opportunities for small and medium-sized contractors through support programs and platforms such as the "Irtiqa" platform, which enhances the efficiency of establishments. The Authority announced that construction costs increased by 2.6% in May. June recorded the highest number of projects, totaling 25 projects valued at over 29.5 billion riyals, with sixteen projects in the construction sector accounting for the largest share of the value. The Eastern Region leads in project investments, exceeding 11.4 billion riyals, followed by Riyadh. The sector continues to play a vital role in supporting the Saudi economy through the expansion of infrastructure and development projects.
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