Majid bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs and Housing, approved the amendment of Executive Regulation of the Contractor Classification System, replacing the Executive Regulation of the Contractor Classification System, issued on 9 Rabi'II 1443 AH.

The classification certificate will be issued electronically and project owners must verify the validity of the submitted certificate through the ministry's website, according to the new regulation published by the Umm Al-Qura newspaper in its Friday issue.

Degrees of classification of contractors

The regulation also defines, amends and updates the fields, activities and degrees of classification by a decision of the minister according to the following controls: the classification should be within the following works (construction and building, operation, maintenance and services, communications and information technology, food and accommodation, exhibitions and conferences, real estate development), and the fields and activities of classification should be in accordance with the national directory of economic activities.

According to the Executive Regulations of the Contractor Classification System, the contractor's classification certificate for the field (and activity) or fields (and activities) and the degree due is issued based on the available information and data and the points achieved by the calendar, and a certificate is granted for two calendar years.

According to the Executive Regulations of the Contractor Classification System, the contractor's classification certificate is issued for two calendar years. The contractor must also maintain commercial books and documents that prove the validity of the statement of financial position (budget) and income statement (profit and loss account) for the last year, signed and certified by a chartered accountant licensed to practice the profession, and deposited in the Qawaim program, and the data and explanations that explain them, and the contractor within the Kingdom must keep these books and records in regular order and in the Arabic language and must comply with the conditions and controls contained in the Commercial Books Law.

These books and records must be kept in the Kingdom.