HADAF: SR2.6 billion value of accredited alternatives for SMEs by means of “Fursa” platform in 2025

RIYADH — The Human Sources Improvement Fund (HADAF) introduced that the “Fursa” platform has facilitated recorded alternatives and approvals exceeding SR5 billion since its inception, reaching important milestones in 2025.

The entire worth of accredited alternatives and tasks executed by small and medium enterprises (SMEs) by means of the platform surpassed SR2.6 billion, marking a 122 p.c improve final yr in comparison with 2024.

The HADAF emphasised that this efficiency additional solidifies the standing of the “Fursa” platform as a number one nationwide platform specializing within the tenders and procurement sector. November 2025 represented a historic peak for the platform, with approvals exceeding SR800 million, the best month-to-month determine recorded since its launch.

This accelerated progress underscores the platform’s central position in empowering SMEs to entry high-quality alternatives supplied by main entities throughout each the private and non-private sectors, thereby strengthening competitiveness and selling larger transparency throughout the procurement ecosystem. The variety of registered suppliers on the platform has surpassed 38,000, reflecting a steadily increasing consumer base and rising confidence within the “Fursa” platform as a trusted channel linking suppliers with main entities.

In response to the Fund, the achievements realized in 2025 are the direct end result of ongoing enhancements to digital providers, the optimization of the consumer journey for suppliers and consumers alike, and strengthened platform reliability as an efficient resolution for managing procurement and bidding processes—all aligned with the goals of the Kingdom’s Imaginative and prescient 2030.

Associated Article

The Ministry of Education has directed all schools and staff to implement a comprehensive procedural framework to regulate the educational process during Ramadan.

Authorities implement strict no-retake coverage for unexcused absences as first time period faculty exams start


The HADAF additional affirmed that the “Fursa” platform will proceed advancing its technical and operational capabilities all through 2026 to ship a extra seamless consumer expertise and encourage broader participation from entities and suppliers in leveraging accessible alternatives.

Notably, the Kingdom’s Imaginative and prescient 2030 has set an bold goal of accelerating the contribution of SMEs to gross home product to 35 p.c by 2030, by means of strengthening the enterprise atmosphere, increasing financing options, and advancing legislative and financial assist frameworks.

Supply hyperlink

Share post:

Subscribe

banner image

Popular

More like this
Related

Mohammed Abdu to reduce concert events, prioritize nationwide events

RIYADH — The workplace of Mohammed Abdu introduced that...

Saudi Arabia posts SR276.61 billion funds deficit in 2025

RIYADH — Saudi Arabia recorded whole revenues of SR1.11...

Authorities implement strict no-retake coverage for unexcused absences as first time period college exams start

RIYADH — First-term examinations for the second semester of...