Saudi Arabia: The chief of the main Saudi contractors platform said the Kingdom's 'Muqawil' platform will keep prices in the sector competitive.

It will also help regulate the industry and isolate unprofessional builders, Al Eqtisadiah reported, citing Thabet Al-Sweid, Secretary-General of the Saudi Contractors Authority.

The platform was established five years ago to help regulate the sector as well as establish indicators for the prices of building materials and contractor rates.

It also includes data on the track record of individual contractors to help the public and construction clients make better choices when picking a builder.