Saudi clarifies regional HQ not mandatory in all government tenders under new exemption rules
Saudi Arabia has eased its strict 2024 rule barring foreign firms without regional headquarters from government contracts. A new framework allows structured exemptions for projects needing specialized expertise or strong financial competitiveness. This move aims to maintain policy objectives while ensuring access to critical skills and competitive bids, with an electronic portal streamlining the exemption process.
Saudi Arabia has eased its strict 2024 rule barring foreign firms without regional headquarters from government contracts. A new framework allows structured exemptions for projects needing specialized expertise or strong financial competitiveness. This move aims to maintain policy objectives while ensuring access to critical skills and competitive bids, with an electronic portal streamlining the exemption process. What's Your Reaction?
