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New procurement system after 120 days
The Official Gazette "Umm Al-Qura" announced the approval of the new Government Tenders and Procurement System, which includes 101 articles and introduces significant changes aimed at enhancing transparency and efficiency in procurement processes, elevating them to a new level within 120 days of its publication. The system establishes a maximum limit of one million Riyals for direct purchases and requires an initial guarantee starting at 1%, with an appeal period not exceeding 10 working days. Its goal is to organize procedures, prevent abuse of power, and achieve the best value for public funds by encouraging fair competition, with limited exceptions for direct procurement—particularly in security, military, and specialized cases. Transactions are conducted through a unified electronic portal and based on strict competitive rules, with financial penalties imposed on violators, and a defined timeframe for submitting bids and appeals. The aim is to improve procurement management and promote economic development in a manner that ensures transparency and integrity. The system will be activated after a 120-day period from its publication, accompanied by the development of implementing regulations to align with the evolving procedures.
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