GENERAL PROCUREMENT NOTICE

Country: Saudi Arabia

Project Name: Credit Incentive and Enhancement System (CIES) Implementation

Sector: Islamic Finance / Financial Inclusion / Fintech

Mode of Financing: Islamic Finance Grant

Financing No: ZZZ2760

The Islamic Development Bank Institute has approved grant ID 197,611, approximately USD 264,800 (United States Dollar Two Hundred and Sixty-Four Thousand Eight Hundred equivalent), to support the implementation of the Credit Incentive and Enhancement System (CIES). CIES is an innovative, blockchain-enabled system designed to enhance credit governance and financial inclusion.

The consultancy services will include the following components:

• Client Engagement & Market Validation Component: Identify and secure a suitable partner institution for the CIES deployment.
• CIES System Implementation Component: Implement the CIES solution, including backend setup, API development, blockchain deployment, and system integration.
• Integration, Testing & User Acceptance Component: Conduct integration testing, UAT, and formal sign-off.
• Training, Adoption & Handover Component: Deliver user training, adoption support, and final system handover.

The Consultancy Services will be based on an international shortlist using Fixed Budget Selection (FBS) method.

Procurement of contracts financed by the Islamic Development Bank will be conducted through the procedures specified under the Guidelines for the Procurement of Consultant Services under Islamic Development Bank Project Financing (April 2019, Revised in February 2023) and is open to all eligible bidders as defined in the guidelines.

Requests for Expression of Interest for contracts for consultancy services will be announced as they become available on the IsDB Website and DG Market.

Interested eligible firms and individuals who would wish to be considered for the provision of consulting services for the above-mentioned project, or those requiring additional information, should contact the Beneficiary at the address below:

THE ISLAMIC DEVELOPMENT BANK INSTITUTE

Attention:        The Islamic Development Bank Institute

Email:             cp.isdbi@isdb.org