In an official statement, Shalfa Facilities Management Company announced the signing of a new strategic contract with the Zakat, Tax and Customs Authority last Thursday, in a move that strengthens the company’s presence in the vital facilities management sector in the Kingdom of Saudi Arabia.
In a statement published on the Saudi Stock Exchange (Tadawul) website, the company explained that the contract aims to provide comprehensive management and operation services for the Authority's residential, investment, and administrative properties at several land border crossings. The total value of the contract is approximately SAR 17.3 million, reflecting the scale of operations and responsibilities assigned to the company during the contract period.
Contract details and financial impact
According to the announced details, the contract period extends for 24 months, with the actual and contractual operating period scheduled to begin on August 1, 2026. Regarding the financial impact of this transaction, Shalfa Company expected that the financial reflection of the contract would begin to appear on its financial statements and business results during the second half of 2026, in line with the commencement of operational work.
The importance of developing services at land border crossings
This contract comes within the framework of the Kingdom's efforts to enhance operational efficiency at land ports, which are vital arteries for trade and passenger traffic. The Zakat, Tax and Customs Authority is giving considerable attention to improving the infrastructure and support services at these ports to ensure smooth operations and provide a suitable working environment for employees and appropriate services for users. Entrusting facility management to specialized companies like Shalfa is a step aimed at ensuring quality and sustainability in the maintenance and operation of these important assets.
The role of the private sector in achieving operational efficiency
This collaboration reflects the growing role of the private sector in supporting government institutions, aligning with the goals of Saudi Vision 2030, which encourages privatization and public-private partnerships. Facilities management companies contribute to easing the operational burden on government entities, allowing them to focus on their core legislative and regulatory functions, while the private sector handles operation and maintenance according to the highest technical standards.
Land border crossings are a civilized gateway to the Kingdom, and developing their residential and administrative facilities directly contributes to improving the urban landscape and raising the quality of life for workers in those border areas, which confirms the importance of this contract not only from a financial standpoint, but also from a developmental and strategic standpoint.
