Riyadh forum offers building projects worth SR500bn

Riyadh forum offers building projects worth SR500bn

JEDDAH (Rahnuma): Saudi construction projects worth more than SR500 billion ($133 billion) were presented to contractors at a major event opened on Monday by Riyadh Gov. Prince Faisal bin Bandar.

The two-day Future Projects Forum (FPF), organized by the Saudi Contractors Authority, aims to increase communication between the public and private sectors in the Kingdom in a bid to support the development of the contracting sector.

Prince Faisal praised the forum for helping to promote an integrated approach to achieving the country’s ambitions for the sector.

Several government organizations and leading national companies are participating in the FPF, which has put forward more than 600 future projects to contractors.

The forum also aims to encourage foreign investment and help raise the efficiency and competitiveness of contractors to meet the technical requirements of the building projects planned for Saudi Arabia.

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