The wise leadership has given the development of the contracting sector great attention due to the vital and effective role that this sector plays in strengthening the national economy and contributing to the localization of jobs.
The Ministry explained that one of the most prominent aspects of the great interest in this sector is the issuance of the Royal Decree approving the formation of the Permanent Coordination Committee for the Development of the Contracting Sector, headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al Haqeel and the membership of representatives of (9) entities, namely: Ministry of Finance, Ministry of Economy and Planning, Ministry of Human Resources and Social Development, Ministry of Commerce, Ministry of Municipal, Rural Affairs and Housing, Ministry of Investment, Saudi Council of Engineers, Saudi Contractors Authority, and Government Spending and Projects Efficiency Authority to promote this sector to face all the challenges facing it.
17 objectives of the committee:
- Minimize trade disputes and conflicts.
- Developing contractors" business from individual to institutionalized.
- Fairly matching contractors" capabilities to the projects at hand.
- Utilization of government projects for SMEs.
- Reducing commercial concealment.
- Providing different sources of financing for the private sector.
- Incentivize the use of building technologies.
- Increase productivity.
- Raising the capacities of contractors and real estate developers.
- Increase transparency in the market.
- Enhance local market expertise and increase competition.
- Verify occupational safety requirements.
- Health and safety of workers at work sites.
- Increasing the percentage of quantitative and qualitative localization.
- Distributing the risks of government projects among stakeholders.
- Raising quality in managing and receiving government projects.
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Achievements of the Contracting Sector Development Committee
- Launching vocational training programs ending in employment.
- Training 500 Saudi candidates.
- 13,689 establishments disclosed their financial status.
- Rating mechanisms legislation launched.
- Accreditation of 400 contractors.
- Accreditation of 2134 engineering offices.
- Activation of 40 centers.
- Testing 73,604 vocational workers.
