The 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.
More than 850 Saudi construction projects worth in excess of SR600 billion ($160 billion) will be featured at the forum.
Through the FPF, the SCA aims to offer the chance for contractors, investors, suppliers, developers, banks, insurance companies, study and consulting centers, and other interested parties to be introduced to the most important future projects and investment opportunities planned for the Kingdom.
Project owners participating in the second forum will represent various strategic and vital sectors including oil, tourism, entertainment, transportation, housing, infrastructure, and mining.
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.
管理局秘书长Thabit bin Mubarak Al-Suwaid说:“这个论坛是一个独特的平台，它让项目所有者展示他们的项目，并将促进公开透明和公平竞争的原则。它也为赞助商提供了一个了解未来项目趋势的机会。”
“It is also an exceptional opportunity for building relationships, as it allows contractors and investors to meet project owners and learn about the requirements, registration methods, and the required qualifications. This helps improve their plans and decisions by identifying the time period for future projects, their estimated costs, the qualification mechanism and how to compete for it,” he added.
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.
At present, Makkah Investment is conducting closed tender for two Saudi construction projects. The first project is to build 300 villas and 500 apartments and the second one is to build 1000 villas. Makkah Investment welcomes Chinese construction companies with construction qualification in Saudi to contact and consult.
If you are interested in more details about construction projects in Saudi, please contact us.