Al-Jaddan system streamlines projects
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan announced that the new Public Procurement and Competition System aims to accelerate government projects and improve contracting procedures. The system includes merging the Bid Opening and Evaluation Committees, developing methods for direct purchasing, and expanding the authorities of government agency heads to simplify procedures and speed up implementation. It also focuses on enabling private sector growth by ensuring timely payment of financial dues, strengthening regulatory frameworks for research and innovation, localizing industries, and transferring knowledge—all to support the goals of Saudi Vision 2030.
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