SABIC, Saudi Contractors Authority ink MoU to localise knowledge in construction industry

SABIC, Saudi Contractors Authority ink MoU to localise knowledge in construction industry
Published: 18 December 2018 - 5 a.m.
By: Martin Menachery

The construction sector is the second largest non-oil sector in the kingdom and the contracting industry is an integral part of this field.

The MoU will support knowledge sharing between the organisations and help embed the best practices in contracting.

Commenting on the MoU, Yousef Al-Benyan, SABIC vice chairman and CEO, said: “SABIC is proud to work with SCA to support and guide the construction sector through sharing its long experience in construction management, contracting, sustainability, and contractor qualification and selection.”

Al-Benyan added: “Signing of the MoU with SCA signals that we recognise the importance of sharing the contracting the best practices we have developed and are confident that this effort will stimulate the national economy and local content, achieve industry-leading performance and leverage technology innovation.”

SCA is one of the major stakeholders for SABIC engineering and project management and is aiming to organise and develop the contracting sector in KSA. SABIC, by this MoU, will share its expertise to contribute in the efforts aiming at improving the contracting practices, which will lead to successful construction projects, with safety and quality, achieving 2030 Vision.

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