Saudi Finance Minister approves 7 procurement regulations
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan has approved the adoption of seven new regulations to organize government procurement processes, aiming to enhance efficiency in spending and achieve the best value for public funds. The regulations include standardizing practices in the preparation of tender documents, improving quality and efficiency in purchasing processes, and reducing the time required to prepare the terms of reference. The regulations cover rest and supply services for military and security sectors, sanitation, parks, security guard services, marketing, uniformed apparel, and furniture procurement, with the goal of improving specifications and strengthening regulatory compliance, thereby supporting the progress of Saudi Vision 2030.
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