Signed Saudi Council of Engineers A memorandum of understanding with the Saudi Fund for Development (SFD) to expand the access of national engineering offices and companies to opportunities available in development projects outside the Kingdom, in order to enhance their presence and increase their readiness to participate in quality projects.
The MoU will coordinate efforts between the two sides to provide information related to the proposed projects and support the participation of licensed engineering offices and companies in these projects, in order to enhance their ability to compete and open wider horizons for their participation in development projects, in accordance with the legal and procedural frameworks in force in both parties.
The MoU includes supporting local consulting firms and engineering offices, enabling them to be present in projects funded by the Saudi Fund for Development outside the Kingdom, contributing to expanding their business scope, building cumulative expertise, and enhancing their presence in regional and international markets.
The memorandum includes the exchange of relevant information and data, which contributes to raising the level of coordination and improving the efficiency of planning and decision-making.
The Secretary General of the Saudi Council of Engineers, Musaed bin Abdullah Al-Otaibi, explained that the signing of the MoU comes within the framework of the Authority's keenness to expand the circle of opportunities for national engineering offices and companies, support their growth, and raise their readiness to participate in development projects in developing countries, which contributes to building a more competitive and sustainable engineering sector and enhances the role of the national engineering sector as an effective partner in the development process, in line with the objectives of the Kingdom's Vision 2030.
The Saudi Council of Engineers continues its efforts in developing the engineering work system, enhancing partnerships and integration with relevant authorities, which contributes to supporting national engineering offices and companies, raising their readiness, and achieving sustainable growth of the engineering sector.