Wednesday, July 15, 2026

«Al Jazeera» - Economy:

The Chairman of the Board of Directors of the Saudi Contractors Authority, Mohammed Al-Ajlan, affirmed that the contracting sector represents about 7% of the Kingdom's economy, with expectations of an increase in this percentage amid the momentum of development projects witnessed by the Kingdom, noting that the real estate and contracting sectors are experiencing rapid growth and providing promising investment opportunities for small and medium enterprises.

He explained that the number of contractors officially registered with the Saudi Contractors Authority reached about 117,000 contractors, reflecting the expansion of the sector's size and the growing opportunities available to 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, during the period 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 the promising opportunities in the real estate and contracting sectors, and to connect them with enabling entities, financing solutions, and strategic partnerships.

Al-Ajlan explained that building competencies, governance, safety, and digital transformation are the basic pillars for raising the readiness of small and medium enterprises and enhancing their competitiveness, emphasizing that partnerships and alliances contribute to expanding their growth opportunities and increasing their participation in major 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, stating 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 events witnessed the signing of a cooperation agreement between «Monsha'at» and the Saudi Contractors Authority, aiming to support 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, 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 the growth and sustainability of enterprises. The week is held in the Enterprise Support Centers in Riyadh and Medina, and the governorates of Jeddah and Al-Khobar, and its events are implemented in Abha in cooperation with the Asir Development Authority and the «Work Corner» incubator, and in Sakaka in cooperation with the House of Culture, expanding the scope of benefiting from its events in various regions of the Kingdom.

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