Mohammed Al Ajlan, Chairman of the Saudi Contractors Authority, expects the contracting sector in the Kingdom to witness an annual growth rate of 5% until 2030, which will reflect positively on other sectors such as suppliers, industry and labor in the field. In his remarks, Al Ajlan explained that the number of current projects in the Kingdom reaches 18,000 projects, with plans to spend trillions of riyals until the end of the current decade, reinforcing the role of the contracting sector as a key pillar in economic development.

The entry of foreign companies enhances the role of the contracting sector as a key pillar in economic development.

The entry of foreign companies strengthens local alliances
Ajlan pointed out that the Saudi market has witnessed an increasing demand from foreign companies in the contracting sector, in light of the need for their expertise and capabilities. These companies are expected to form strategic alliances with Saudi companies, promoting the exchange of knowledge and expertise and supporting the sustainable growth of the sector.