14 Hrs
Source:
الاقتصادية
Commercial concealment affects ownership and management in contracting
Commercial concealment in the Saudi contracting sector is one of the main challenges threatening market efficiency and project integrity. It is used to manage establishments through illegal workforce under the names of citizens, creating unfair competition and depriving legitimate investors of real opportunities. Market indicators reveal that some establishments are actually operated by illegal workers, even though their commercial records are registered under citizens' names. This contributes to a gap between ownership, legal registration, and actual control over the activities. Experts have confirmed that the lack of a clear strategy and effective regulation has led to chaos and poor organization. The market is expanding, now comprising around 140,000 entities with project values exceeding 3 trillion Riyals, with a significant contribution from subcontractors who control 75% of construction activities. They stressed the need to organize the sector, promote transparency, eliminate practices of concealment, enhance competition, and reduce risks. The focus should be on building a clear regulatory framework and establishing a unified regulatory authority.
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