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4/25/24, 3:43 PM Ministry of Economy organises ‘National Forum for SMEs - Government Procurement’ | Emirates News Agency
Abdullah Ahmed Al Saleh, Under-Secretary of the

Ministry of Economy, said, “The forum represents a

significant opportunity to raise federal entities and

national companies’ awareness on the importance of

procurements in driving the growth of the national

economy. Additionally, it helps facilitate participation of

owners of national SMEs in government tenders slated

to be released this year. Furthermore, the event

facilitates direct communication between contract-

awarding bodies and Emirati entrepreneurs in order to

identify challenges faced by both parties and address

them. It also enhances dialogue with financing bodies to

leverage their product offerings to support government

procurement efforts."

He added, “The forum enhances the Government

Procurements for Local SMEs performance indicator

launched by the Ministry of Economy and the Ministry of

Finance in June of last year to gauge the level of

commitment by federal entities to allocate a specific

percentage as mandated by Federal Law no. 2 of 2014

on SMEs. It stipulates that 10 per cent of the total value

of contracts and tenders must be allocated for members

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