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New Tenders Law eliminates the execution of projects at the contractor's expense and only requires termination of the contract and confiscation of the financial guarantee

Reading time: 3 Minutesألغى نظام المنافسات والمشتريات الحكومية الجديد سحب العمل وتنفيذه على حساب المتعاقد وتحميله الفروقات في الأسعار، واكتفى بفسخ العقد ومصادرة الضمان المالي إذا أخل بالتزاماته ... Read more

11/05/2019

System of competitions

Here are the details of the new contractor classification system and cover-up exemption rules (Infographic)

New contractor rating system boosts project competitiveness through balanced technical and credit evaluation, targeting seven key sectors in the Kingdom

Coinciding with its official launch ... Zakat”: Electronic invoicing limits hidden economy transactions and promotes fair competition

King Salman Cabinet

Approval issued to extend the corrective period of the anti-coverage system for an additional 6 months

“Trade”: 3-year exemption from chamber of commerce fees takes effect

Minister_of_Housing_Mr_Majid_Al-Haqeel

“Amlak” monitors reactions to the “Real Estate Market Analysis Regulations” after its official adoption”

Officials and experts believe that the new regulations enhance the governance of the Saudi real estate sector, increase transparency, encourage investment, and limit misleading analysis

“Trade” announces the issuance of the executive regulations of the Chambers of Commerce Law

“Competition Authority” penalizes 4 establishments that agreed to raise and stabilize the prices of ready-mix concrete

To expedite the resolution of cases Cabinet approves amending the mechanism of the Real Estate Contributions Committee

for up to 20 years. Allowing sports clubs to invest in their own land

“Council of Ministers: Take measures to protect valley streams and reefs, prevent ownership and construction, and remove encroachments

Corps of Engineers - Model Contracts

Inquire about the prices of services of engineering companies and offices. A new service of ”Engineers Authority”

Saudi Contractors Authority Contractors Authority

The largest economy after oil. 4 benefits for the construction sector with the launch of the “Contractor Assessment” initiative (Infographic)

إقبال متزايد على تسجيل الأراضي البيضاء من قبل ملاكها تجنباً للخسائر

“هيئة المقاولين” تطلق مبادرة تقييم المقاولين لقطاع أكثر شفافية وتنافسية

“البيئة” تفرض غرامات على أصحاب بحيرات صناعية ترفيهية تُملأ من آبار مياه جوفية

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