Riyadh, January 23, 2024, The Small and Medium Enterprises General Authority (Monsha’at) has been awarded a procurement excellence certificate by the Chartered Institute of Procurement and Supply (CIPS). This prestigious recognition acknowledges Monsha’at's commitment to achieving the highest standards of excellence in the application of global policies and procedures within the procurement field.
Monsha’at earned this accredited international certificate following a comprehensive evaluation of its adherence to standards at all stages of procurement, contracting, and supply. The certificate stands as a testament to the authority's dedication to upholding global best practices in procurement.
This achievement is expected to play a crucial role in enhancing the quality and efficiency of Monsha’at's internal procedures during the purchase and contracting stages of its projects. Additionally, it is anticipated to strengthen strategic relationships with contractors, thereby contributing to the development of the Small and Medium Enterprises (SME) sector in the Kingdom of Saudi Arabia.
CIPS, the Chartered Institute of Procurement and Supply, holds the distinction of being the largest professional body in the field of procurement and supply. It serves as the leading international reference for best practices and procedures within the procurement domain. Monsha’at's procurement excellence certificate from CIPS signifies its commitment to achieving and maintaining the highest standards in the field of procurement.
