RIYADH: More than 850 Saudi construction projects worth in excess of SR600 billion ($160 billion) will be featured at a forum taking place later this month.
The Saudi Contractors Authority (SCA) will stage its second Future Projects Forum (FPF), the largest gathering for the building sector in the Kingdom, in Riyadh on Feb. 25 and 26. This year’s event will see the participation of 35 government and private agencies which will highlight key sector projects planned for the Kingdom.
Most of the construction schemes have been initiated in line with the goals of the Saudi Vision 2030 reform plan.
During a press conference in Riyadh on Wednesday to announce the forum, project owners showcased building programs in the pipeline.
The authority’s secretary-general, Thabit bin Mubarak Al-Suwaid, said: “This forum is a unique platform for project owners to showcase their projects and promote the principle of transparency and competitiveness. It provides an opportunity for sponsors to learn the trends of the coming period’s projects.”
Feedback from the first FPF, held in 2019, showed 91 percent of participants had been satisfied with the event. The number of agencies taking part has increased from 23 to 35 this year, and the total value of projects is up from SR450 billion to more than SR600 billion.