Thursday 28 March 2024
 
»
 
»
Story

Amaala inks co-operation deal with Saudi Contractors Authority

RIYADH, March 22, 2021

Amaala, the ultra-luxury development located along Saudi Arabia’s north western coast, has signed an agreement with the Saudi Contractors Authority (SCA), a government subsidiary authority of Ministry of Municipal and Rural Affairs.
 
In line with the ambitions of both organizations and the wider Vision 2030 goals, the MoU sets forth a preliminary pact for cooperation in a number of fields including allowing access to an online “Project Participation Platform” which allows Amaala to share projects in its pipeline with members of the SCA and receive information of qualified and interested parties intending to bid, said a statement from Amaala.
 
The MoU also outlines a framework of joint cooperation between both entities, including the establishment of staff training courses and sharing of studies and statistics relating to the local construction sector, it added.
 
On the new SCA tieup, CEO John Pagano said: "Saudi Arabia is undergoing an exciting transition towards a new and diversified economy. Amaala is a key driver of change, bringing with it a wealth of opportunities for the private sector and it is our ambition to ensure we support Saudi businesses to participate and benefit from the development of this significant destination from the outset."
 
"This new partnership with SCA will help us to better connect with Saudi people and businesses, which will in turn enable us to meet our ambitious Saudization targets, whilst connecting the association with contractors already engaged on our project to drive awareness of their important programs," noted Pagano.
 
This MoU follows efforts to strengthen relationships with local private and public sector organisations. Similar MoUs creating partnerships, outlining collaborative ways of working and providing cross-development opportunities have already been signed with the Saudi Council of Engineers, Ministry of Tourism, Ministry of Environment, Water and Agriculture and Momra.
 
SCA Governor Engineer Thabet Al Sawayeed said: "It is a key step towards achieving our goal of aiding Saudi contractors to participate in the new landscape of projects established to drive the Vision 2030 strategy forward successfully."
 
"Working with Amaala and their existing contractors in this capacity will also allow us to further enable the uptake of our localization programs which incentivize organizations to empower Saudis through training and employment," stated Al Sawayeed.
 
"Efforts will be aligned to localise the contracting sector by encouraging contractors engaged with Amaala to benefit from the localization programs and incentives offered by SCA. Amaala is central to a number of growing industries and, once completed, the destination will support more than 50,000 direct, indirect and induced jobs providing opportunities to people throughout the country," he added.
 
Amaala had recently awarded several construction contracts to Saudi companies including Al Tamimi Group, Hasco and Saudi Real Estate (Binyah).-TradeArabia News Service



Tags:

More Construction & Real Estate Stories

calendarCalendar of Events

Ads