40.5 C
Kuwait City
September 20, 2019
Gulflance
Home » Saudi: No Government Contracts To Foreign Consultancy Firms
Gulf Insider

Saudi: No Government Contracts To Foreign Consultancy Firms

Saudi Arabia has issued a royal order banning government entities from awarding contracts to foreign consultancy firms.

Under the order, all the government departments in the kingdom are obliged to offer contracts to Saudi consultancy offices and companies. They are only allowed to take the services of foreign consultancy companies if “there is no Saudi expertise” available to provide the required services.

The decree was based on a decision of the general secretariat of the council of ministers following a study on the issue.

The move comes after Saudi’s Shoura Council discussed the topic some years ago and later made a recommendation to provide more consultancy work for Saudi firms, the report said.

The total value of the contracts awarded to foreign firms estimated at around SR12 billion, according to a report of the General Auditing Bureau.

Shoura Council members said at the time that there were several Saudi research centres operating under the umbrella of universities or the private sector that benefit from such contracts.

 

The post Saudi: No Government Contracts To Foreign Consultancy Firms appeared first on Gulf Insider.

Source link
Click here to read more news from @gulf-insider

Related posts

Bahrain: Remains Of Dead Animal Mistaken For Newborn Baby

Vinita

Dubai: New Law On Real Estate Regulatory Agency

Vinita

UAE: Prices Of 410 Medicines To Be Reduced

Vinita

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please spend a minute

Gulflance Poll

Which is worst social media?
Vote Now
close-link
Sign-up for exclusive content. Be up to date with Gulflance
Subscribe
Subscribe
close-image

You're currently offline