RIYADH: Saudi Arabia has won a global award for efficient government spending and allocation of resources aimed at growing the country’s economy in alignment with the Vision 2030 plan.
The Kingdom’s Expenditure and Project Efficiency Authority took the top spot at the Chartered Institute of Procurement and Supply Excellence in Procurement Awards that took place in London recently.
The CIPS granted EXPRO the award in the category Best Procurement Transformation Program, for the project “SpendVision.”
The CIPS is a global nonprofit organization dedicated to upholding excellence in procurement and supply chains, with over 200,000 international experts in the field.
EXPRO’s winning project outlines the strategic initiatives undertaken in partnership with Saudi Arabia’s Ministry of Finance and the National Center for Government Resource Systems.
The project was designed to address challenges, including significant price variations, lack of transparency, non-standardized products, lengthy procurement processes, limited supplier commitment, and optimizing expenditure efficiency for government entities.
EXPRO’s CEO Abdulrazzag Al-Aujan said: “This honor reflects the synergistic endeavors of our partners across various government sectors, who have pioneered groundbreaking methods to amplify the efficiency of government expenditure in alignment with the goals of Saudi Vision 2030.”
The work undertaken by EXPRO resulted in over 500 government entities overcoming challenges in procurement processes, and standardizing products and services, said Al-Aujan.