Saudi Contractors Authority (SCA) launched the national strategy study project for the contracting sector to develop and enhance its role in achieving Vision 2030, and to transform the construction sector into an industry, build a database containing contractor evaluations with precise and highly reliable standards in collaboration with relevant authorities, and provide opportunities for contractors to execute projects within their specializations to improve quality.
According to the state-run SPA, this announcement was made during the ceremony organized by the authority to showcase the breakthroughs of the board in the third term.
SCA worked on preparing and equipping a strong construction sector to act as an executive arm for Vision 2030 projects, with total spending expected to exceed SAR 1.2 trillion, which marks a 300% annual increase from the current levels, according to SCA Chairman.
The authority doubled the number of contractors over the past three years by 400%, bringing the total number of registered contractors to over 18,000, including 1,200 international contractors. Additionally, SCA signed more than 10 agreements and memorandums of understanding with the world’s largest construction sectors. It also participated in more than 50 governmental and semi-governmental committees to address sector challenges and improve its environment, making it more attractive. Moreover, the authority successfully led the construction sector in 57 countries.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1742939