Contracting and construction companies — a sector heavily reliant on government invoice financing and project-based financing.
7,500,000
SAR max amount
200,000 شهرياً
min revenue
48h for government invoices
funding speed
Saudi contracting companies work extensively with the government sector (municipalities, ministries, agencies). Government invoices are guaranteed, making invoice financing an excellent option — you get 70–90% of invoice value upfront and the lender collects when the government pays.
Operation history
12 months + project history
Minimum revenue
200,000 شهرياً
Maximum financing
7,500,000 SAR
Funding speed
48h for government invoices
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Saudi Arabia's contracting sector is in an exceptional phase driven by Vision 2030 megaprojects: NEOM, Qiddiya, the Red Sea Project, New Riyadh, Roshn. Annual contract awards exceed SAR 800B. But contracting liquidity cycles are tough — long-term contracts (12-36 months), staged payments with delays, and constant working-capital needs for payroll and materials before receivables are collected.
Best-fit financing products for contractors: invoice financing (Tameed, Forus, Raqamyah) — to convert approved invoices from government bodies, Aramco, and SABIC into immediate cash. Revolving credit lines from SNB and Al Rajhi reach SAR 50M for top-rated contractors. The Kafalah government guarantee is widely activated for small and mid-cap contractors at up to 80% coverage.
Key note: contractors working with government entities benefit from the "Etimad" platform's approved-invoice financing pathway. Contractors on NEOM and Qiddiya have dedicated facilities at SNB and Saudi Investment Bank. The contractor's classification at the Ministry of Municipalities (Grade 1 through Grade 7) affects eligibility — Grade 1 contractors get the best terms. Subcontractors should look at supply-chain financing structured around the prime contractor's credit rather than their own.
Most invoices issued by government entities (municipalities, ministries, agencies, SOEs like Aramco and SABIC). Requirements: signed contract, delivered work, clear invoice aging. Tameed specializes in this.
Typically 70–90% of invoice value. Depends on: issuer (highest for government), remaining tenor (shorter = better), and your company's history with the lender. Fees are usually 1.5–4% monthly on financed amount.
Yes, via Project Financing. Based on the signed contract, execution plan, and company track record. More complex than invoice financing and takes 5–10 days to approve vs 48h for invoice financing.
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