SABIC AND SAUDI CONTRACTORS AUTHORITY SIGN MOU TO LOCALIZE KNOWLEDGE IN CONSTRUCTION INDUSTRY

SABIC, one of the world’s largest petrochemicals companies, and the Saudi Contractors Authority (SCA) today signed a Memorandum of Understanding that will enhance the collaboration and sharing of the knowhow in the construction industry.

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 was signed by Omar Al-Amoudi, SABIC Executive Vice President, Engineering & Project Management, and Thabet Al-Sawyeed, Governor and General Secretary of SCA and will support knowledge sharing between the organizations and help embed 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.”

He added: “Signing of the MOU with SCA signals that we recognize the importance of sharing the contracting 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 organize 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. 

Abdullah Al-Juhany
Leader, Global Communications