Saudi forum to showcase key projects

Saudi forum to showcase key projects

Saudi Contractors Authority (SCA) will hold the Future Projects Forum (FPF) virtually during March 22-24. The FPF will include the participation of more than 37 government and private entities to present around 1, 000 projects with an estimated total value exceeding SR600 billion ($16 billion). The Future Projects Forum aims to showcase future projects in the Middle East. It also aims to create opportunities for contractors and investors via identifying details of future projects in the contracting sector and knowing the mechanism of qualification and competition. The forum seeks to develop a wide network of relationships between contractors, investors and interested parties, in addition to creating partnerships between them. The number of delivered residential real estate projects increased from SR12. 4 billion ($3. 3 billion) in 2019 to SR13. 9 billion in 2020. RIYADH: Theeb Rent-a-Car, a Riyadh-based car rental company, plans to float 30 percent of its share capital in an initial public offering (IPO) later this month. The company issued an IPO prospectus last month to the Saudi Stock Exchange (Tadawul), in which it outlined the many factors that enable it to compete with its current and potential competitors and the factors it sees for its future growth.