Finance Minister OKs 7 new procurement rules
The Saudi Ministry of Finance has approved the adoption of seven new regulations to standardize criteria and procedures in government contracting and procurement processes. The goal is to enhance spending efficiency, strengthen governance, and ensure compliance. These regulations include organizing services such as accommodation for military and security sectors, cleaning, landscaping, security, marketing, uniform clothing, and furniture purchases, with defined technical and organizational requirements and contracting mechanisms. This initiative aims to improve planning and purchasing processes, reduce the time required to prepare tender documents, and support the objectives of Saudi Arabia’s Vision 2030 while promoting sound management of public funds.
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