Latest news with #SaudiContractors'Authority
Zawya
17-02-2025
- Business
- Zawya
18,000 projects planned in Saudi Arabia till 2030
Nearly 18,000 projects are expected to be carried out in Saudi Arabia in the next years within its landmark economic transformation scheme known as Vision 2030, according to the Gulf Kingdom's contractiong sector regulator. The projects, worth trillions of riyals, cover a wide variety of sectors including infrastructure, roads, power and airports, said Mohammed Al-Ajlan, Chairman of the Saudi Contractors' Authority (SCA). 'The construction sector in Saudi Arabia is passing through a golden period…we expect it to grow by an average 5 percent annually until 2030,' he told the Saudi Arabic language Al-Madina newspaper on Sunday. Ajlan said there has been a push by foreign companies into Saudi Arabia to take advantage of a surge in domestic projects. He added:'The Saudi market now needs to create large alliances with foreign firms because some projects require experiences and foreign technology.' (Writing by Nadim Kawach; Editing by Anoop Menon)
Zawya
13-02-2025
- Business
- Zawya
Saudi Arabia to award over 25 housing, infrastructure projects
Saudi Arabia had inked contracts worth SAR6.5 billion ($1.7 billion) in January and now plans to award more than 25 new projects later this month, according to a report by Saudi Contractors' Authority (SCA). And out of this, nearly half of them cover infrastructure, housing and industry, stated SCA in its report which was published this week in its online Muqawil (contractor) bulletin. Most of the projects being awarded this month will come from Saudi Electricity Company, the National Housing Company, the Public Investment Fund (PIF) and NEOM, it said. The SCA report showed construction accounted for more than half the value of projects awarded in January, standing at around SAR3.7 billion ($1 billion) followed by water and energy contracts worth SAR1.45 billion and industry in third place with a value of SAR1.36 billion ($362 million). As per the report, Saudi capital Riyadh had the lion's share of the projects in January to the tune of around SAR4.8 billion ($1.28 billion). -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
12-02-2025
- Business
- Trade Arabia
Saudi Arabia to award over 25 housing, infrastructure projects
Saudi Arabia had inked contracts worth SAR6.5 billion ($1.7 billion) in January and now plans to award more than 25 new projects later this month, according to a report by Saudi Contractors' Authority (SCA). And out of this, nearly half of them cover infrastructure, housing and industry, stated SCA in its report which was published this week in its online Muqawil (contractor) bulletin. Most of the projects being awarded this month will come from Saudi Electricity Company, the National Housing Company, the Public Investment Fund (PIF) and NEOM, it said. The SCA report showed construction accounted for more than half the value of projects awarded in January, standing at around SAR3.7 billion ($1 billion) followed by water and energy contracts worth SAR1.45 billion and industry in third place with a value of SAR1.36 billion ($362 million). As per the report, Saudi capital Riyadh had the lion's share of the projects in January to the tune of around SAR4.8 billion ($1.28 billion). -TradeArabia News Service
Zawya
12-02-2025
- Business
- Zawya
Saudi Arabia to award over 25 projects in February
Saudi Arabia will award more than 25 new projects this month and nearly half of them cover infrastructure, housing and industry, according to a local report. The Gulf Kingdom, which has been locked in a massive construction drive within its Vision 2030, awarded contracts worth nearly 6.5 billion Saudi riyals ($1.7 billion) in January, the Saudi Contractors' Authority (SCA) said in its report. 'Over 25 projects are expected to be awarded in the Kingdom this 50 percent of them involve housing, infrastructure and industry,' SCA said in the report, which was published this week in its online Muqawil (contractor) bulletin. Most of the projects this month would be awarded by the Saudi Electricity Company, the National Housing Company, the Public Investment Fund (PIF) and NEOM, it said. The report showed construction accounted for more than half the value of projects awarded in January, standing at around SAR3.7 billion ($1 billion). Water and energy came second in value, which stood at SAR1.45 billion ($286 million), followed by industry with a value of SAR1.36 billion ($362 million). According to the report, the capital Riyadh had the lion's share of the January projects, with a value of around SAR4.8 billion ($1.28 billion). (Writing by Nadim Kawach; Editing by Anoop Menon)
