Financial Circular issued on awarding government tenders to SMEs

Muscat: The Ministry of Finance today issued Financial Circular No. (1/2025) in which it instructed all ministries, units, public authorities and institutions and government companies to commit to awarding government tenders for supplies, implementation of works and provision of services whose value does not exceed RO 25,000 to small and medium enterprises whose owners have obtained Riyada card.

Through this circular, the Ministry of Finance called for coordination with the Follow-up Committee of the National Local Content System regarding the challenges facing the awarding of tenders. It also stressed the need to follow up with internal audit units in ministries, government units, public authorities and institutions and government companies, to commit to implementing this decision and to take into account the implementation of the provisions and rules stipulated in the relevant systems and laws.