31st March 2022
Last year, Dubai SME members won contracts worth AED921.6m via the Government Procurement Programme (GPP), up 3% from 2020.
GPP requires government entities, and establishments in which the government holds equity of 25% or more, to allocate 10% of their purchasing to members of Dubai SME. This, in turn, gives SMEs the opportunity to grow their businesses by supplying the needs of government entities.
Since 2002, the GPP has facilitated 16,934 procurement contracts worth over AED8.4b for 362 Dubai SME members. Of these, 83% of the contracts were in the commercial sector, 13% in the professional sector and four percent in the industrial sector.
Helal Saeed Al Marri, Director General of Dubai’s Department of Economy and Tourism, explained it reflected the confidence of the government and the private sector in the competencies of the local SME sector and its role in building a competitive and diversified economy, as well as the priority given by these sectors to creating more business opportunities for entrepreneurs.
Last year, the top government support agency contracts were awarded as follows:
💰 Expo 2020 Dubai: AED161.7m
💰 Roads and Transport Authority (RTA): AED95.2million
💰 Dubai Municipality (DM): AED44.2m
💰 Dubai Health Authority (DHA): AED36.5m
💰 Dubai Electricity and Water Authority (DEWA): AED24.5m.
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The Gateway Group Of Companies helps organizations to mitigate the risks of getting licensed to do business in the UAE. We were established back in 2014 to provide no-nonsense, transparent and well communicated services, as a result of witnessing the troubles companies encountered during their company formation in Abu Dhabi and Dubai.
Establishing a presence in the UAE doesn't need to be difficult, providing you engage the right expertise at the outset. We are just like you - we have invested our own money to establish our businesses in the UAE, so unlike a sales team, we understand and can empathize with the anxieties and risks of doing business overseas and the implications of making the wrong decisions. We are best positioned to provide, on-the-ground, practical advice from first hand experience. Hence, our services are designed to give you full control of your business, protect your assets and keep your profits. After all, this is exactly what we want for our own businesses too.
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Written by Jenny Hunt, Founding Partner & Strategic Advisor to the Gateway Group of Companies, Abu Dhabi & Dubai UAE
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