|22 July, 2019

Saudi Arabia plans to launch new contractor classification next month

The system has five classification levels

Workers stand near the King Abdullah Financial District currently under construction, near King Fahad road in the Asahafa area in Riyadh. Image for illustrative purposes only.

Workers stand near the King Abdullah Financial District currently under construction, near King Fahad road in the Asahafa area in Riyadh. Image for illustrative purposes only.

REUTERS/FAISAL NASSER

RIYADH — The Ministry of Municipal and Rural Affairs plans to launch the new contractor classification system early August, Saudi Press Agency (SPA) reported.

By that time, all the technical, administrative and executive enhancements to improve the sector’s performance will be finalized.

The contractor classification system aims to promote transparency and sustainability, which will reflect on developing the construction sector as a whole, said Saud Al-Thikri undersecretary for contractors’ classification.

The updated classification system includes building, maintenance, operating and services’ contractors, in accordance with the National Classification for the Economic Activities (ISIC4), he said.

The system has five classification levels, where class 1 is for mega projects and class 5 is for small and starting projects, while the levels in between depend on the contractor’s abilities, he added.

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