Procurement Magazine February 2024 | Page 48

Red Sea Global Delivering on Saudi Vision 2030

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“ Joint ventures are seen as a good way to bring in expertise from overseas , to collaborate and partner with a local company ”

BEN EDWARDS GROUP HEAD OF COST , COMMERCIAL & PROCUREMENT RED SEA GLOBAL
The process of getting companies on board with Vision 2030 projects is multi-staged .
“ We have the event , we meet the companies , they then go through the prequalification and registration processes ,” Edwards explains . “ That might take four months in some cases , and the companies can then start to receive tenders .”
Overseas events crucial for recruiting new RSG suppliers Tender periods are usually between two and four months before award , and Edwards reveals that RSG “ is already seeing the Qatar event converting into real awards to the supply chain ”.
He adds : “ It ’ s been a very successful way for us to meet new companies , and to encourage them to explore opportunities in the Kingdom – not just with us but also with other giga projects .”
48 February 2024