Saudi Arabia Signs Cooperation Agreements to Develop Contracting Sector

Saudi Arabia Signs Cooperation Agreements to Develop Contracting Sector

The opening ceremony of the FPF saw the signing of several MOUs with the Saudi Contractors Authority. (Asharq Al-Awsat)

Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail said that the Future Projects Forum (FPF) will contribute to raising the efficiency and competitiveness of contractors and enable them to keep pace with the latest technologies to implement development projects within the Kingdom's Vision 2030.

The Forum, which kicked off in Riyadh on Monday, will also enhance communication between the local and international public and private sectors, according to the minister.

Secretary-General of the Saudi Contractors Authority Thabet Al-Sweid said the FPF, which extends over three days, would feature various projects pertaining to oil and gas and others within the Kingdom's Vision 2030.

He added that the virtual conference is attended by more than 10,000 local and foreign contractors and stakeholders, in addition to 39 entities, including ministries and companies, such as Aramco, SABIC, the Red Sea Project and Amaala.

The director of Mega Projects at SABIC, Dhaifallah Al-Maliki, noted that the company was seeking to support contractors in raising the quality of projects in terms of safety and execution speed.

The coronavirus pandemic has had a major impact on all sectors, Maliki said, stressing that