Law.Significant changes to the Kingdom's legal system have been made in alignment with the Saudi vision 2030 to diversify the economy. One of the changes is the 2019 Government Tenders and Procurement (GTP) law
Although Saudi Arabia has long implemented PPPs and privatisation projects, prior to today no formal laws specifically governed PPPs. Such projects historically fell under the ambit of the Government Tenders and Procurement Law, when not specifically exempted. Today, for the first time...
Latest Saudiarabia government tenders, RFP and eProcurement notices from the biggest online database of Saudiarabia Tenders. Users can register to get info on eTenders, EOI, GPN and other public tenders from various industry sectors.
The draft law contains exemptions from the scope of certain existing law, including government tenders and procurement law. It also enshrines the principle that foreign entities will be entitled to the same treatment as national entities. The draft law provides an unprecedented legal framework and im...
Government Tenders and Procurement Law The law sets out a comprehensive framework for the process to be followed in respect of tendering of contracts by government bodies. The law includes provisions that regulate the proportion of a relevant contract that can be subcontracted and dovetails with ...
Specifically, with regard to Government Tenders and Procurement, the law (KSA Royal Decree No. M/128 dated 13/11/1440 AH (16 July 2019)) provides that the Saudi Arabian government bodies may agree to resort to arbitration, subject to approval by the Saudi Arabian Minister of Finance. ...
the country, demonstrating the government's commitment to economic diversification and development. The initiative is supported by complementary programs such as the National Transformation Project (NTP), which focuses on improving economic enablers, standards of living, and governmental operational excellence...
• Experience in managing contracts under FIDIC, Government Tenders and Procurement Law in KSA, and similar standard forms. • Strong understanding of contracts processes and legal frameworks. • Excellent negotiation, communication, and problem-solving skills. ...
a key element of Vision 2030, targeting a growth contribution of 35% to GDP. The SME Bank, established in 2021, and initiatives like the Taleed Program byAramcoaim to support SMEs. Regulatory improvements, such as the new Companies Law, prioritize SMEs in government tenders and procurement....
Saudi Arabia’sSport Ministryplans to issue tenders for contracts to buildsports stadiumsas part of its SR10.1bn ($2.7bn) capital projects program. ‘MEED’stated that sources close to the scheme said, “The prequalification process has been completed and the tender for the stadiums is expected...