RIYADH: Saudi Arabia has taken a significant step towards enhancing the motor vehicle periodic inspection (MVPI) sector by allowing private investors to enter the market.
Dr. Saad Alkasabi, the governor of the Saudi Standards, Metrology and Quality Organization (SASO), announced that two companies have already been licensed to operate in the sector, with more investors expected to join in the near future.
Describing it as a historic day for SASO, Alkasabi emphasized the efforts taken by the MVPI sector authorities to establish the terms and conditions for investment in this field. The two licensed companies will operate through separate networks covering various Saudi cities, including the major metropolitan areas.
MVPI services across Saudi Arabia
Alkasabi further revealed that SASO plans to issue licenses to two additional investors within a month, bringing the total number of investors to four. By the end of June, this number will increase to six, expanding the presence of MVPI services across different regions of the Kingdom.
The primary objective behind opening the sector to private investment is to promote fair competition and enhance the quality of services provided for vehicle inspections.
The move aims to improve the overall experience for beneficiaries, including Saudi citizens and expatriates, by ensuring higher standards and utilizing technology-driven solutions.
Moreover, the initiative aligns with the goal of job localization, creating opportunities for young people and fostering advanced services in the MVPI sector.
The entrance of private investors into Saudi Arabia’s motor vehicle periodic inspection sector marks a significant milestone in the country’s efforts to enhance the quality and efficiency of vehicle inspections, benefiting both residents and visitors.
