Government contract requests adjusted per new tender limits
The Ministry of Finance in Kuwait is reviewing and amending the procurement systems of public entities in line with recent amendments to the Public Tenders Law. This includes increasing the maximum value of contracts subject to the Central Tenders Authority to one million Kuwaiti dinars, with the aim of improving the business environment and enhancing the efficiency of contractual procedures. A task force has been formed to review and update the procedures outlined in Circular No. 5 of 2020 to ensure their compliance with the new law, with the modifications scheduled to be completed within three months. Additionally, the Central Tenders Committee has emphasized the need for government entities to update their financial approvals at the start of each new financial year, especially if tenders or contracts have not been awarded before that time, in order to strengthen transparency and efficiency in government procurement processes.
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