The Chairman of the Board of Directors of the Saudi Contractors Authority, Mohammed Al-Ajlan, stated that the contracting sector constitutes about 7% of the Kingdom’s GDP, expecting this percentage to rise with the growth of development projects, noting that the real estate and contracting sectors are growing at an accelerated pace and offer promising investment opportunities for small and medium enterprises.

The Saudi contracting sector is witnessing rapid growth, supported by mega projects linked to the Kingdom’s Vision 2030.

Al-Ajlan explained that the total number of officially registered contractors with the Saudi Contractors Authority has reached about 117,000 contractors, indicating the vast size of the sector and the increasing opportunities available for qualified enterprises to participate in national projects.

This came during the opening session of the 'Real Estate and Contracting Week' events, organized by the Small and Medium Enterprises General Authority (Monsha'at) in partnership with the General Authority for Real Estate and the Saudi Contractors Authority, from July 12 to 16, 2026, as part of the 'Business Weeks' series, aiming to empower entrepreneurs and owners of small and medium enterprises to benefit from promising opportunities in the real estate and contracting sectors, and connect them with enabling entities, financing solutions, and strategic partnerships.

Al-Ajlan emphasized that developing competencies, governance, safety, and digital transformation are the main foundations for enhancing the readiness of small and medium enterprises and their competitiveness, stressing that partnerships and alliances help expand growth opportunities and increase their contribution to large projects.

He pointed out that the Saudi Contractors Authority continues to implement initiatives and programs aimed at raising the efficiency of the Saudi contractor and enhancing the sustainability of his business, noting that among the most prominent challenges facing some small and medium enterprises are weak project study, inaccurate pricing, and poor cash flow management, calling on entrepreneurs to take advantage of the opportunities provided by the sector.

The first day's activities witnessed the signing of a cooperation agreement between 'Monsha'at' and the Saudi Contractors Authority, aimed at supporting small and medium enterprises in the construction and building sector, by providing joint services and programs, and enhancing integration between the programs and platforms of both parties, thereby contributing to raising the readiness of enterprises, supporting their growth, and enabling them to benefit from the opportunities available in the sector.

More than 40 entities from the public and private sectors participated in the specialized sessions and meetings on the first day, discussing investment opportunities in the real estate and contracting sectors, enabling small and medium enterprises to benefit from development projects, enhancing their participation in supply chains, in addition to reviewing financing solutions, real estate technologies, strategic partnerships, and best practices supporting enterprise growth and sustainability.

The week is being held at enterprise support centers in the cities of Riyadh and Medina, and the governorates of Jeddah and Al Khobar, with its activities implemented in Abha city in cooperation with the Asir Region Development Authority and the 'Work Corner' incubator, and in Sakaka city in cooperation with the House of Culture, thereby expanding the scope of benefiting from its events in various regions of the Kingdom.

The organization of the 'Real Estate and Contracting Week' comes within 'Monsha'at' efforts to enhance the integration of the support system for small and medium enterprises, and enable them to access investment opportunities and enabling entities in promising sectors, thereby contributing to raising their competitiveness, supporting their growth and sustainability, in achieving the goals of the Kingdom's Vision 2030.

This event reflects the government's direction towards strengthening the role of small and medium enterprises in the national economy, especially in the real estate and contracting sectors, which are key drivers of growth. Such initiatives are expected to contribute to improving the competitiveness of Saudi companies and increasing their participation in mega projects, thereby supporting the achievement of economic diversification goals.