SABIC, SCA sign pact to share contracting best practices

(From L-R) Thabet Al-Sawyeed, Governor and General Secretary of SCA  and Omar Al-Amoudi, SABIC Executive Vice President, Engineering & Project Management sign the agreement

Saudi Basic Industries Corp. (SABIC), one of the largest petrochemicals companies in the world, and the Saudi Contractors Authority (SCA) on Sunday signed a memorandum of understanding (MoU) to 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, which was signed by Omar Al-Amoudi, SABIC Executive Vice President, Engineering & Project Management, and Thabet Al-Sawyeed, Governor and General Secretary of SCA, 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: "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 the Kingdom.

Under the agreement, SABIC 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.