Saudi Arabia Expects Turkish Contractors for Municipal and Housing Projects
Turkish contractors, whose projects were interrupted in Russia due to the war, accelerated their efforts to cover this loss with Saudi Arabia. Majed Al Hugail, Minister of Municipality, Rural Affairs and Housing of Saudi Arabia, confirmed his determination to work with Turkish contractors for the country's current huge project portfolio at the Turkish Contractors Association (TMB), which he visited as part of his Ankara program. Minister Hugail noted that a budget of 100 billion dollars was allocated for projects to be realized by municipalities in his country and 50 billion dollars was allocated for housing projects, and that they want to work with Turkish contracting companies within the scope of these projects. TMB President M. Erdal Eren said, "After the Contracting Committee Program held in Riyadh in March, Minister Hugail's desire to meet with Turkish contractors is an indication of his determination to further develop cooperation in this field."
Turkish contractors will fill the gap arising from the Russian market, whose contracting works have slowed down due to the war, with Saudi Arabia. While a budget of 100 billion dollars is allocated for the projects to be realized by the municipalities in Saudi Arabia and 50 billion dollars is allocated for the housing projects, the Saudi authorities want Turkish contracting companies to be more involved in these projects. In order to return to this market, the sector also completed the company registration process, which is an important bureaucratic step in the country, and applied for qualification.
The Turkish Contractors Association (TMB) hosted the Saudi delegation headed by Majed Al Hugail, Saudi Arabian Minister of Municipality, Rural Affairs and Housing, in Ankara on July 11, 2023. In his speech at the meeting, Minister Hugail, who met with the members of the TMB, said that within the scope of the country's 2030 vision, a budget of more than 100 billion dollars was allocated for projects related to municipalities and approximately 50 billion dollars was allocated for housing projects. Pointing out that Turkish contractors know their competencies and they want to see more Turkish companies in these projects, the Guest Minister underlined that the necessary convenience will be provided to Turkish companies. Hugail also invited Turkish contracting companies to Cityscape Global with the theme of “The Future of Living”, which is considered one of the most ambitious real estate events in the world, to be held in Riyadh on September 10-13, 2023.
Many companies have applied for qualification
In his speech, TMB President M. Erdal Eren noted that they were pleased to host the Saudi delegation after the Contracting Delegation's Visit to Riyadh in March, and that Minister Hugail's willingness to meet with Turkish contractors is an indication of his determination to further develop cooperation in this field. . Eren said, “Our contractors are ready and willing to take part in projects within the scope of Saudi Arabia's 2030 vision. Many of our companies have applied for qualification by completing the necessary registration procedures to operate in the country. We will be pleased to contribute to the development programs of Saudi Arabia by taking part in the urban infrastructure and housing projects planned to be implemented in the country.”