This Law aims at:

• (a) regulating procedures of tenders and procurements carried out by government authorities and ensuring they are not influenced by personal interest in order to protect the public funds;

• (b) achieving maximum degree of economic efficiency in government procurements and carrying out government projects at fair competitive prices;

• (c) promoting honesty and competition and ensuring fair treatment of suppliers and contractors in accordance with the principle of equal opportunities;

• (d) guaranteeing transparency in all stages of government tender and procurement procedures.

When inviting tenders and carrying out procurements, government authorities shall deal with individuals, establishments and companies licensed to engage in the business within the scope of which the work falls in accordance with applicable laws and rules.

Without prejudice to provisions of Foreign Investment Law, all individuals, establishments and companies interested in dealing with the government and are qualified for such dealings shall be given equal opportunities and shall be treated on equal footing

Tenderers shall be provided with clear, complete and uniform information about the required work and shall be enabled to obtain such information at a specified time. Sufficient copies of the tender documents shall be provided to meet the requests of those interested in obtaining them.

Priority shall be given to national manufactured goods, products and services and to those treated as such.

All government works and procurements shall be put up for public tender except those exempted under the provisions of this Law

(a) All government tenders shall be announced in the Official Gazette, in two local newspapers and by electronic means of advertisement in accordance with the Implementing Regulations of this Law. The bid submission date and the sealed-bid opening date as well as places thereof shall also be specified in the tender announcement.

(b) Works or projects of special nature, for which no supplier or contractor is available in the Kingdom, shall be announced abroad and within the Kingdom, in accordance with the stipulations of the preceding paragraph.

Bids may only be accepted and contracted on in accordance with the conditions and specifications stipulated for them.

Procurements and execution of works and projects shall be carried out at fair prices that do not exceed the prevailing prices. Bidding is the practical means to achieving that in accordance with the provisions of this Law.