_1777294237270_124456903.png&w=64&q=75){kind=small}
Saudi procurement moves towards AI and localization
Saudi Arabia's procurement system is moving towards strengthening reliance on digital solutions and artificial intelligence. The goal is to increase the localization of procurement professions in the private sector to 70%, aiming to boost the participation of national cadres and align with labor market trends. The sixth Saudi Procurement Conference will be held in Riyadh on October 7-8 to discuss adopting AI technologies, balancing local content with cost optimization, risk management, skill development, and updating government procurement systems. Additionally, the Local Content and Government Procurement Authority has implemented an obligatory list of 1,500 national products across 16 strategic sectors to increase demand for local products and stimulate industrial capabilities. In 2024, more than 105 billion SAR have been allocated to enhance the efficiency of government spending, with efforts to improve procurement cycle management through a unified digital platform, aiming to automate processes and increase the effectiveness of government procurements.
Notice: This Is an AI-Generated Summary
Comments (0)