Kuwait raises gov’t tender threshold from 75,000 dinars to 1 mln under new law
Kuwait has introduced an amended Public Tenders Law that increases the government tender threshold from 75,000 dinars to 1 million dinars. The new legislation aims to speed up the procurement process and accelerate development projects. It provides public entities with more flexibility in how they handle contracts. The law also creates specific advantages and opportunities for small and medium enterprises to participate in government tenders. Stronger oversight is a central component of these changes.
Faster contracts, stronger oversight at heart of Kuwait’s new Tenders Law; aims to speed up projects and streamline government contracts; also provides specific opportunities and advantages for SMEs to participate in government tenders. Kuwait’s amended Public Tenders Law is expected to accelerate development projects, simplify government procurement procedures and give public entities greater flexibility in … The post Kuwait raises gov’t tender threshold from 75,000 dinars to 1 mln under new law appeared first on Times Kuwait .