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Al-Ajlan: Contracting Sector Contributes 7% to Saudi Arabia's Economy

Al-Ajlan: Contracting Sector Contributes 7% to Saudi Arabia's Economy

Mohammed Al-Agelan, Chairman of the Saudi Contractors Authority, confirmed that the contracting sector accounts for approximately 7% of the Kingdom's economy, with expectations that this percentage will increase with the rise of developmental projects. He explained that the sector is experiencing rapid growth and offers promising investment opportunities for small and medium enterprises, noting that the number of registered contractors has reached around 117,000. He emphasized that building competencies, governance, safety, and digital transformation are foundational pillars to enhance the capabilities of small and medium enterprises, alongside the signing of a support agreement between "Manakh" and the Saudi Contractors Authority to strengthen the sector's capabilities.

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