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We want to enable one billion people to live in more equitable, prosperous and sustainable communities by 2030 by improving US$2 trillion in public procurement spending. Now we want to build on that momentum to jump scale again to a tipping point of global change in policy and practice by the start of 2030. The future is open!
At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.
We moved from transparency to transformation. Read on for some of our plans on this Your top priorities for 2025 include making AI work in public procurement, implementing anti-corruption strategies, and building better e-procurement systems. We’re humbled to learn that 91% of you recommend working with us. So bring on 2025!
Lucien Claassen , ICT Category Manager in the Netherlands, shared the government’s ambitious goals, including climate neutrality by 2030 and complete circularity by 2050. He’s also been the driving force behind reforms to build an e-complaint system making a critical area of the public procurement process fairer and more transparent.
RIDW, the first event of its kind in the KSA, attests to the remarkable progress made by the KSA on the journey it set out on a few years ago to establish a robust arbitration regime, aligned with its broader Vision 2030 commitment to foster an investor-friendly environment. They also feature the establishment of the SCCA Court (Art.
Scope of Application Differently from traditional investment agreements, the stated purpose of the SIFA is not only to foster foreign direct investment (“FDI”) (Article 1), but also to do so in a manner that integrates environmental and labour standards, transparency, and corporate social responsibility.
In 2016, the KSA launched the Saudi Vision 2030 , an initiative to, among others, attract foreign and domestic investment by improving the regulatory environment and enhancing business opportunities. With its emphasis on transparency, fairness, and inclusivity, the law aims to attract both regional and international investors.
In a frequently cited 2021 report , the International Energy Agency estimated that in order to reach net zero emissions by 2050, annual clean energy investment worldwide would need to triple by 2030—to around US$4 trillion annually. While some of these funds will come from the public coffers, most of it will come from private investors.
The recent revisions to the modernised and innovation arbitration rules of the SCCA give it a distinct advantage to resolve disputes fairly and efficiently, in tandem with KSA’s Vision 2030. As commented on in a previous post , the CRCICA’s revamped arbitration rules are international and in line with other major arbitral institutions.
A critical finding and recommendation of the World Bank report is to strengthen the transparency and efficiency of public spending and procurement, including through open data and digital procurement reforms. They know full well they will be the ones ultimately paying for it through higher taxes and poorer development outcomes.
However, there remain valid concerns about transparency and the potential loss of nuanced human judgment when utilizing such tools. The Act emphasizes transparency, safety, and accountability, and aims to lay a foundation for responsible AI use. The Bad While promising, these developments brought forth challenges that demand attention.
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