23 Hrs
Source:
الاقتصادية
Subcontractors hold 75% of Saudi construction projects
Subcontractors in Saudi Arabia account for 60 to 75% of construction work, and their presence is considered a sign of a mature sector. Their involvement enhances the quality of execution and reduces costs by organizing contractual relationships and timely payments. Small and medium-sized companies face liquidity challenges, as delayed payments hinder ongoing work, and a lack of proper qualification threatens project quality. Disputes often originate from financial disagreements and tend to culminate in weak contracts. Meanwhile, the Saudi Contractors Authority is developing a framework of contracts and initiatives aimed at resolving disputes and improving regulation, with the goal of enabling contractors to grow and sustain themselves in the market.
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