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Saudi Finance Minister approves 7 new procurement rules
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan approved the adoption of seven new regulations to govern contracting, purchasing, and procurement quantities in government acquisitions. The aim is to improve expenditure efficiency, strengthen governance, and ensure compliance. The Authority for Expenditure Efficiency is responsible for preparing these regulations, which cover catering services for military and security sectors, cleaning and landscaping services, security, marketing, uniform apparel, and furniture purchasing. The regulations seek to standardize procurement practices, reduce processing times, and enhance the quality of bid documents, contributing to achieving the best value for public funds and boosting government performance in line with Saudi Vision 2030.
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