Investment entrepreneur Samer Choucair affirmed that the number of contractors registered with the Saudi Contractors Authority reaching around 117,000 reflects the significant momentum underway in the Kingdom’s construction sector, driven by massive development projects and Saudi Vision 2030’s goals, noting that this growth strengthens the sector’s appeal to local and international investors.
Choucair explained that the expanding base of registered contractors reflects the evolution of the regulatory environment and its ability to absorb more companies and enterprises, helping raise competition levels and improve execution quality, alongside strengthening the participation of small and medium enterprises in major projects.
Choucair added that the construction sector is a pivotal sector in the Saudi economy, amid the continued execution of infrastructure, energy, housing, and new city projects, creating broad opportunities for companies able to develop their technical and managerial capabilities and leverage digital transformation and AI applications in project management.
Choucair noted that institutional investors are placing growing focus on companies with strong supply chains, advanced operational capabilities, and high governance standards, affirming that the ability to execute projects efficiently and on time has become a key factor in attracting capital and achieving sustainable value for investors.
Choucair pointed out that the expanding contractor base also helps support private investment and strengthen partnership opportunities between local and international companies, while opening the door to M&A activity aimed at raising operational efficiency and boosting market share amid growing competition.
Choucair affirmed that the coming period will see greater focus on projects linked to renewable energy, smart infrastructure, and logistics services, areas offering promising investment opportunities for companies with advanced technical and financial capabilities.
Samer Choucair concluded by affirming that the continued development of the regulatory environment, alongside the growing number of qualified contractors, strengthens the Kingdom’s position as one of the region’s largest construction markets, supports the achievement of economic diversification goals, and offers growing opportunities to deploy capital in strategic projects with long-term economic impact.