FAIR COMPETITION
WHY IT MATTERS
At NEOM, we want to build relationships based on quality, transparency, and a shared vision of what the future could be. It is therefore essential that we maintain a healthy spirit of competition in our processes for selecting third parties. Anti-competitive practices are not only illegal, but they also have the potential to damage our reputation and our ability to achieve our goals by selecting the best possible partners to work alongside us.
Our commitments
AS A COMPANY, WE ARE COMMITTED TO:
- Fostering a spirit of healthy competition in our procurement practices, with the goal of ensuring that our relationships are based on fairness, integrity, and transparency
- Ensuring we only engage with third parties that share our standards regarding fair competition
- Upholding the integrity of our procurement practices and maintaining fairness in our treatment of third parties, allowing them to compete for NEOM’s business on a fair and transparent basis
- Not tolerating any form of anti-competitive practices among our current or prospective third parties
Our expectations
AS NEOM REPRESENTATIVES, WE EXPECT YOU TO:
- Understand our commitments to fair, honest, and transparent third-party selection processes, and ensure you always deal fairly with our third-party business partners and suppliers
- Help us to uphold these commitments by communicating them to existing and prospective third parties if you are working in a related position
- Handle confidential information with care, and never share confidential information regarding our existing or prospective partners with other third parties competing to work for us
Further Information
MORE INFORMATION AVAILABLE IN OUR:
However, you can also contact the Compliance Department if you have any questions or concerns about our approach to fair competition.
