The meeting reviewed the reality of the contracting sector in the region, and the challenges it faces related to financing mechanisms, liquidity flows, and high operating costs. The meeting reviewed the reality of the contracting sector in the region and the challenges it faces related to financing mechanisms, liquidity flows, high operating costs, in addition to bank guarantees requirements, and the impact on the ability of enterprises to implement projects and their continuity, especially small and medium enterprises.
The meeting emphasized the importance of developing solutions to support the stability of the sector and enhance opportunities for growth and sustainability.
He stressed the importance of developing solutions to the challenges facing the sector, especially the financing challenges. He stressed the importance of developing flexible financing solutions that suit the nature of the sector, strengthening the partnership between financing entities and contractors, enabling them to fulfill their contractual obligations and achieve financial sustainability, and the need to benefit from government initiatives and supportive programs that aim to stimulate the contracting sector and raise its efficiency.
The organization of this meeting is part of a series of qualitative meetings aimed at monitoring challenges and submitting relevant visions and proposals to the competent authorities, in line with the objectives of the Kingdom's Vision 2030, and contribute to enhancing the role of the contracting sector, one of the main engines of economic development.
