The Council of Ministers of the Kingdom of Saudi Arabia approved the new Government Tenders and Procurement Law (GTPL) during its meeting held on 4 August 2026. In broad terms, the GTPL replaces several of the more prescriptive features of the previous law with a more flexible, efficiency-oriented framework. A summary of the key changes, together with a comparison against the previous law, is set out below. Reduction of Ministry of Finance Review Period - The Ministry of Finance's review period for government procurement contracts has been reduced to up to 4 working days. Increased Direct Procurement Threshold - The financial threshold for direct procurement by a government entity has been increased to SAR 1 million.