Public Tenders Law passed in Kuwait

The National Assembly of Kuwait passed the new public tenders law which governs the awarding of public projects worth billions of dinars every year. The new public tenders law, which was described as historic as the process of its amendment took almost three decades, allows for the first time foreign companies to take part in public projects without a local agent as the case has been for over a half century. The law also reforms the process of awarding projects by allowing the Central Tenders Committee (CTC) to pick up the second lowest bid if it is technically better. CTC board has been expanded to seven members three of whom will be replaced after two years. The law also exempts oil rigs and exploration from the need for prior supervision and also exempts all military procurements from the same.