Initiative Overview: 

In line with SHARAKAT’s role in enabling private sector participation in water privatization projects, the Contractors Incentives Initiative was launched to enhance the competitive readiness of local contractors and encourage their participation in privatization programs and projects.
The initiative focuses on raising awareness of privatization mechanisms and contractual models, while fostering an enabling environment that broadens participation in future water sector projects. This aligns with the objectives of Saudi Vision 2030 and supports the integration of roles between the public and private sectors within structured contractual frameworks.

Objectives of the Initiative:

Facilitate collaboration and cooperation with relevant entities and exchange of expertise.

Support and increase local content.

Diversify opportunities to achieve developmental goals.

Define the baseline and increase job opportunities.

Enhance competitiveness in upcoming projects.

Meet demand and achieve economic impact.

Targeted Categories:

Experienced contractors in construction and building.

Contractors in water technology.

Contractors in maintenance and operation.

Contractors experienced in management and finance.

Initiative Launch:

The initiative was launched in its inaugural year in 2024.