US, Saudi Arabia join forces on public procurement reform

Updated 30 October 2017
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US, Saudi Arabia join forces on public procurement reform

RIYADH: The US Department of Commerce, in collaboration with the Saudi Arabian General Investment Authority (SAGIA), discussed the Saudi government’s procurement system and the Kingdom’s ongoing efforts to align its procurement law with international standards.
The engagement is part of the Department of Commerce’s Commercial Law Development Program (CLDP) aimed at improving the business climate worldwide.
Over 130 legal professionals from the ministries of finance, energy, industry, and mineral resources, commerce and investment, the Board of Grievances, SAGIA, the Royal Commission for Yanbu and Jubail, as well as private sector attendees from various sectors of the economy participated in two-day event on Oct. 16.
During the event, US procurement law expert Charles McCarthy gave a presentation on the life cycle of a comprehensive procurement process. His presentation stressed the importance of implementing an effective bid process system, prompt payment upon completion of projects, and the submission of invoices.
Based on positive experiences in the US, McCarthy also emphasized developing and implementing a transparent, fair, and competitive bid process that meets international standards. He added that such a law is a crucial step in enabling economic growth and prosperity.
After the event, US Commercial Counselor Nasir Abbasi said: “The US Embassy extends its appreciation to all the Saudi participants in the program, and we reiterate our commitment to work with Saudi partners to continuously improve the business climate.”
The program is the latest CLDP event to occur under the overall US-Saudi partnership framework to improve the business climate in the Kingdom. In 2016, the CLDP assisted in the establishment of the Saudi Center for Commercial Arbitration (SCCA) to resolve commercial disputes in a fair, transparent and efficient manner.
In September 2017, the CLDP, in partnership with the SCCA, conducted a commercial arbitration workshop and trained over 50 public and private sector legal practitioners on commercial arbitration and alternative dispute resolution methods.


Saudi heritage chief launches Korean exhibition in Riyadh

Updated 19 December 2018
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Saudi heritage chief launches Korean exhibition in Riyadh

RIYADH: Prince Sultan bin Salman, the president of the Saudi Commission for Tourism and National Heritage, officially opened an exhibition in Riyadh showcasing Korean history and culture. He was joined at the event by Professor Bae Kidong, the director general of the National Museum of Korea in Seoul, and Korean Ambassador to Saudi Arabia Jo Byung-Wook.
Titled “Korean History and Culture: an Enchanting Journey to the Korean Civilization,” the exhibition — which will be at the National Museum until March 7, 2019 and is the first of its kind in Saudi Arabia — features rare artifacts that showcase Korean archaeology, civilization and folklore, as well as a selection of exhibits from the Korean National Museum.
Prince Sultan said that such cooperation in the field of culture and archaeology is very important, especially since Korea has a great and ancient culture, and given its important relationship with Saudi Arabia through the years.
On behalf of the Korean government and people, Prof. Bae expressed his sincere appreciation to the Kingdom for hosting the exhibition.