Saudi Arabia Services Tenders

Booming sector: The Saudi Arabia services market is booming, with revenue expected to reach US$846.10m by 2028, growing at a 5.14% CAGR. This growth is driven by factors like rising government spending, increasing digital adoption, and a growing population.

Saudi Arabia Services Government Procurement
Strategic spending: The Saudi Arabian government is a major player in the services market, with procurement spending exceeding billions of dollars annually. This spending focuses on key areas like IT services, healthcare, education, and construction.

Main Services Products and Services Procured
Wide range: The government's procurement needs span a wide range of services, including:
IT services: Cloud computing, cybersecurity, software development
Healthcare: Medical equipment, hospital management, pharmaceutical services
Education: Educational materials, training programs, construction of schools
Construction: Infrastructure development, building maintenance, project management

Top Authorities for Saudi Arabia Services Procurement
Key decision-makers: Several government authorities oversee services procurement, including:
Ministry of Finance: Responsible for overall budget allocation and procurement policies
Ministry of Economy and Planning: Oversees development projects and service delivery
Saudi Arabian General Investment Authority (SAGIA): Attracts foreign investment and facilitates service procurement
Central Purchasing Department (CPD): Handles government procurement for common goods and services

Top Winners of Saudi Arabia Services Procurement
Leading companies: Major corporations frequently win government services contracts, including:
Saudi Telecom Company (STC): Leading IT and telecommunications provider
Nesma Holding: Diversified conglomerate involved in construction, healthcare, and education
Almarai: Major food and beverage company
Saudi Aramco: The national oil company, also involved in various services sectors.

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