Riyadh: New Murabba, a subsidiary of the Public Investment Fund (PIF), has entered into an agreement with the Small and Medium Enterprises General Authority, known as Monsha'at, to enhance the participation of small and medium enterprises (SMEs) in its ecosystem through the Jadeer vendor qualification platform.

According to Saudi Press Agency, the agreement was signed by Andrew Cubitt, Chief Commercial Officer of New Murabba, and Eng. Ryan bin Ibrahim Alfayez, Deputy Governor for Enterprise Services at Monsha'at. This collaboration lays the groundwork for utilizing the Jadeer platform to streamline vendor qualification processes, improve access to qualified SMEs, and promote transparent and high-quality supplier engagement.

Under the terms of the agreement, New Murabba will leverage the Jadeer platform strategically to identify, onboard, and engage capable SMEs according to specified qualification and compliance standards. This initiative aligns with New Murabba's broader goal of constructing a resilient supplier ecosystem and creating significant opportunities for Saudi SMEs to partake in major developmental projects.

Jadeer, a service provided by Monsha'at, is designed to facilitate SME access to procurement opportunities within both public and private sectors. It aims to qualify SMEs for entry into supply chains, thereby supporting local content and enhancing their contribution to the national economy.

The agreement signifies another step in New Murabba's commitment to embedding local content, ensuring supplier quality, and enabling SME participation across its operations, thereby strengthening its role as a catalyst for sustainable economic engagement and collaboration.