A 50-million-riyal authorization limit and four days to review contracts... Key features of the new government competitive bidding and procurement system
Reading time: 2 MinutesAs part of efforts to enhance the efficiency of procedures and increase flexibility in handling government tenders and procurement, the new government tender and procurement system includes a series of amendments aimed at accelerating the procedural cycle, expanding the scope of delegation, improve contracting and procurement methods, as well as empower the private sector, support equal opportunities, and promote economic development. According to the Ministry of Finance, the most notable elements included in the system are… Read more
