His Highness the Emir issued Law No. 17 of 2024 (“Amending Law”), amending certain provisions of the law regulating tenders and auctions issued under Law No. 24 of 2015 (“Tenders Law”), to ensure transparency and cost-effectiveness in government tenders and auctions. The key amendments of the Amending Law are as follows:
Notably, the Amending Law introduces several new provisions, including the following:
The Amending Law also permits granting small, medium, and micro enterprises, as well as eco-friendly projects, certain benefits and exemptions in accordance with the provisions set forth in the executive regulations of the Tenders Law.
Be part of a growing global community committed to advancing in-house legal leadership.
Global sanctions compliance continues to evolve at a pace that leaves little room for static compliance programs or superficial screening models. Recent developments reinforce a...
Regional instability is adding new layers of complexity to M&A transactions across the Middle East. While deal activity continues, buyers and sellers are reassessing how...
Learn more about M&A and transactional risk in uncertain markets