Saudi Contractors Authority rolls out contractor pre-qualification program for PIF portfolio companies

01/06/2023 Argaam
Logo onThe Saudi Contractors Authority

Logo on The Saudi Contractors Authority

The Saudi Contractors Authority (SCA) and the Public Investment Fund (PIF) launched the contractor pre-qualification program for the fund’s PIF portfolio companies.

 

The program aims to provide various services and facilities, enabling contractors to pre-qualify under the PIF development companies’ requirements. This will provide a highly reliable indicator for the PIF’s affiliates to implement construction projects with the local private sector, the state-owned SPA reported.

 

The pre-qualification program enhances contractor opportunities to undertake projects for PIF’s development companies. The service offers a platform that includes several PIF’s portfolio companies in a common pre-qualification program.

 

The step also enhances competitiveness and transparency in the contracting sector and allows development of existing and future projects in line with the highest quality standards, SCA added.

 

SCA urged all contractors to register in Muqawil portal to start pre-qualification for various projects under the PIF’s affiliates program.

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