“SpendVision” Realizing the Nation's Vision through Smart Spend Management

The challenges posed by the public procurement process were a major obstacle to Saudi Arabia’s 2030 vision. Over $100 billion, accounting for 35% of the national budget, was being channeled through public procurement across 500+ government entities, that lacked agility.

A central Government Procurement Unit was established, achieving significant results, including: -15% savings through pre-tendering RFP reviews -Signing 12 unified framework agreements for +30k common goods and services worth over $3 billion, resulting in 20% savings and a 91% reduction in lead time. -15% improvement in tender cycle time and 27% reduction in cancellation rates