Saudi Arabia has up to 117k contractors, small firms being qualified for major projects
RIYADH: The contracting sector in Saudi Arabia is receiving strong momentum, supported by the volume of projects currently underway in the country, according to Mohammed Al-Ajlan, chairman of the Saudi Contractors Authority, who spoke to Al-Eqtisadiah newspaper.
Al-Ajlan stated that the number of contractors registered with the authority has reached approximately 117,000, emphasizing that a significant portion of the authority’s services focuses on supporting small and medium-sized enterprises, as they represent a large segment of the sector’s workforce.
He explained that the authority has launched several platforms and programs to support contractors, including the “Irtaqa” initiative, which provides pathways for qualifying small contractors, in addition to evaluating quality, governance, financial organization, and safety standards. This contributes to raising the efficiency of these enterprises and enhancing their readiness to enter the market.
A recent report by the authority revealed that June saw the highest number of projects awarded in 2026, with 25 undertakings and a total value exceeding SR29.5 billion ($7.84 billion). This placed June second in value, after May, when project value surpassed SR30 billion.
