Sunday, July 19, 2026

Al Jazeera - Economy:

The Small and Medium Enterprises General Authority (Monsha'at), in partnership with the Real Estate General Authority and the Saudi Contractors Authority, concluded the activities of the "Real Estate and Contracting Week," as part of the "Business Weeks" series, with the participation of 60 entities from the public and private sectors, and over 3,000 people benefiting from the week's activities. The aim was to enable small and medium enterprises and entrepreneurs to access investment opportunities in the real estate and contracting sectors, and connect them with enablers, financing solutions, and strategic partnerships.

The week witnessed the participation of 28 exhibitors, the organization of 8 main sessions, and more than 60 entrepreneurial meetings, in addition to providing more than 650 advisory and guidance sessions, through business support centers in Riyadh, Medina, Jeddah, and Khobar, as well as Abha in cooperation with the Asir Development Authority and "Work Corner" incubator, and Sakaka in cooperation with Bayt Al Thaqafa.

The week's sessions discussed a number of topics related to the real estate and contracting sectors, including investment opportunities, enabling small and medium enterprises to benefit from development projects, enhancing their participation in supply chains, in addition to financing solutions, real estate technologies, strategic partnerships, and best practices supporting the growth and sustainability of enterprises, with the participation of a number of officials, experts, and specialists from government and private entities.

The week also witnessed the signing of a cooperation agreement between the Small and Medium Enterprises General Authority (Monsha'at) and the Saudi Contractors Authority, aimed at supporting small and medium enterprises in the construction and building sector, through developing joint services and programs, and enhancing integration between the programs and platforms of both parties, contributing to raising the readiness of enterprises and enabling them to benefit from available opportunities in the sector.

Vice President of Strategy and Partnerships at the Infrastructure Projects Center, Abdulaziz Al-Olayan, explained during a dialogue session within the week's activities that the major development projects in Riyadh are opening growing investment opportunities for small and medium enterprises, noting that the number of infrastructure project licenses increased from about 50,000 licenses in 2017 to nearly 195,000 licenses in 2025, reflecting the accelerated growth in the sector.

He pointed out that the center worked to unify technical requirements and specifications within the "Infrastructure Projects Code," which makes it easier for companies, especially small and medium enterprises, to understand the requirements and procedures across various project stages. He also noted the integration with Monsha'at in supporting innovation, and the center's adoption of the "Jadeer" platform classification, which enhances opportunities for small and medium enterprises to participate in infrastructure projects.

The Director General of Dispute Resolution at the Saudi Real Estate Arbitration Center, Abdulaziz Al-Shathri, confirmed during his session within the week's activities that the arbitration system has gained wide recognition as a tool supporting business and investment. He stated that the center provides specialized tracks for real estate dispute resolution, contributing to enhancing the investment environment and enabling small and medium enterprises operating in the real estate sector to access more flexible and faster procedures for dispute resolution. He noted that the average time to complete arbitration procedures has become 30 days.

The "Real Estate and Contracting Week" allowed entrepreneurs and owners of small and medium enterprises to learn about investment opportunities, services, and programs offered by participating entities, build partnerships, and benefit from advisory meetings and specialized sessions that covered various topics related to the real estate and contracting sectors.

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