The Saudi Kingdom economy is considered one of the strongest and the biggest economies in the Arab world, with a GPD of 804.9 billion dollars in 2021. The kingdom’s economy depends on many sectors that play a significant role in the gross, including contracting. It is the second-largest non-oil sector with a direct link to achieving the goals of the Kingdom's Vision 2030.
The Kingdom’s market is witnessing a growth in the number and size of projects (under implementation or planned). Therefore, this creates promising investment opportunities in this sector, which require qualified contractors, suppliers, investors, and financing agencies to successfully implement these projects according to the requirements of their owners
From this standpoint, the Saudi Contractors Authority is organizing the fourth edition of the Future Projects Forum. In the previous version more than 96 governments and private entities presented more than 3000 projects with a value exceeding 2.150 trillion. In the presence of 13000 contractors and interested parties with a high rate of satisfaction.
The forum will take place in the Hilton Granada Hotel - Riyadh. It aims to involve more than 30 government and private entities to present more than 1,000 projects of various sizes and a value exceeding 600 billion riyals over two consecutive days during the period 21-22 From March of 2022. In the presence of more than 2000 contractors and interested parties. The forum aims to create an interactive platform to link project owners from government and private entities with contractors and interested parties to review the details of their projects and the qualification and competition mechanism.
This edition of the Future Projects Forum will also witness, honoring the distinguished in the contracting sector to launch the Excellence Awards initiative by the authority.By highlighting the best practices and examples of contractors, factories, consulting offices, individuals, and others.