According to a Tadawul announcement from the corporation, the National Center for Government Resource Systems (NCGR), in conjunction with Saudi Azm for Communication and Information Technology Co., has signed a contract for managed services to activate government resource systems and manage knowledge and change.
Insights On The New Contract Between Saudi Azm for Communication and Information Technology Co. And NCGR
The deal was awarded on May 6 and signed on July 15. The necessary signatures were obtained, and a copy of the contract was delivered on July 17.
The contract duration is 36 months, and its value exceeds 15% of the company’s entire revenue for 2023, which was SAR 190.4 million, or nearly SAR 28.6 million. Saudi Azm expects the contract to benefit its financial results in 2025, 2026, and 2027.
The Role and Impact of the National Center for Government Resource Systems in Saudi Arabia’s Economic Transformation
The National Systems Deputy at the Ministry of Finance was transformed to become the National Center for Government Resource Systems, established by a Cabinet Decision on February 16, 2021. By strengthening government financial e-services and increasing the effectiveness of the financial sector, this independent institution seeks to strengthen Saudi Arabia’s economy. Through the use of contemporary technology, the center promotes innovation, boosts competitiveness, supports small and medium-sized businesses and locally produced products, and offers opportunities. Along with enhancing beneficiary experiences, the center measures performance indicators and works to standardize processes and integrate them.
FAQs
What is Saudi AZM company for ICT?
The Saudi Azm for Communications and Information Technology Company offers information technology services. The company provides software development, strategy and management consulting, human resource management and outsourcing, service engineering, and technological services.
What services are offered by Saudi AZM?
Services include system integration, procurement, human resources, and operational assistance for major public and private institutions.
Who is the CEO of Saudi AZM?
Firas Mousli is the CEO of Saudi AZM.
What is the Saudi AZM strategy?
Saudi AZM strategy aims to showcase what is compatible with the future visions, potential, and opportunities available in the market.
What is the purpose of the National Center for Government Resource Systems?
The centre aims to positively impact Saudi Arabia’s economy by boosting the efficiency of the financial sector, enhancing the quality of government financial e-services, supporting innovation through modern technologies, and improving the beneficiaries’ experience.
How is Saudi AZM Fulfilling Its Social Responsibilities and Building Strong Community Relationships?
Saudi AZM aims to build solid and enduring partnerships within the communities in which it operates. It also seeks to pioneer social responsibility programs to create tangible and positive economic and social benefits.
Takeaways
The agreement between Saudi Azm for Communication and Information Technology Co. and the National Center for Government Resource Systems (NCGR) seeks to provide managed services for government resource systems.
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