Sure wins SAR 100M framework deal from Ministry of Investment

Logo of Sure Global Tech Co.

Sure Global Tech Co. announced the award of an open framework contract on Nov. 29 from the Ministry of Investment to develop the services and applications of technical investment systems, including maintaining current systems and providing consulting expertise to establish new ones.  

In a statement to Tadawul, the company noted that the estimated value allocated to the four-year contract is SAR 100 million.  

The contract is to develop technical investment system services in the Ministry of Investment, including updating current systems to the latest versions, applying the necessary technical systems, as well as maintaining and updating existing systems to the latest versions.  

Meanwhile, the deal covers business continuity in the technical systems necessary to activate the ministry’s operational model, which is part of its institutional strategy emanating from the national investment strategy. It will directly and indirectly serve all initiatives and entities related to investment and investors through management, maintenance and operation of applications related to investment and investor procedures.  

The award of the contract was received on Dec. 3, the statement said.