The United Arab Emirates gives priority in procurement contracts to companies that meet Emiratization goals

He Ministry of Human Resources and Emiratization (MoHRE) and the Ministry of Finance (MoF) said companies committed to meeting annual Emiratisation targets of 2 per cent growth will now be given priority in bidding for government procurement contracts.

The new initiative reflects the notable commitment to ensuring the success of Emiratization policies in the private sector.

The new benefit for companies committed to Emiratization goals complements the other benefits, which include enrolling them in the Emiratization Partners Club, Nafis benefits for companies and individuals, such as financial support, the provision of a database of UAE citizens qualified to work in the private sector and the Pension Program that provides support for pension contributions, among other benefits.

Younis Al Khoori, Undersecretary of the Ministry of Financesaying,

“The Ministry of Finance is working to meet all the necessary requirements to advance the Emiratization process, ensure the active participation of UAE nationals in the labor market and increase their contribution to the national economy, in line with our commitment to implement the recommendations of the UAE leaders. own vision and strategy in the Ministry. “We firmly believe in the positive role that Emiratization plays in strengthening and developing the national economy.”

He added,

“Giving priority to companies committed to achieving Emiratization objectives in the public procurement system is a form of support and an incentive for them, in recognition of their alignment with national strategic directions. To that end, improving the commercial activities of these companies will undoubtedly lead to greater contributions on their part to support government and national objectives in various sectors.”

For its part, Ayesha Belharfia, MoHRE Undersecretary for Emiratization Affairs, saying,

“The launch of this new benefit for companies committed to Emiratization objectives reflects the shared vision and responsibility between government entities to support the Emiratization process. “The new initiative presents a strategic national approach to sustain growth and leadership, while achieving the UAE’s ambitious economic goals.”

“The Ministry strives to establish a collaborative and encouraging environment, raising awareness among businesses about the Emiratization process and its benefits, while offering them various benefits provided by the Ministry and its network of government partners.”

she added.

He Ministry of Finance recently launched a digital procurement platform as part of its digital transformation strategy, allowing suppliers in the UAE and abroad to register and offer services to federal government entities. Around 14,000 suppliers have registered on the platform, which provides various services, allowing users to participate in online tenders and auctions, as well as track purchase orders and invoices. It also aims to improve the participation of small and medium-sized enterprises (SMEs) in tenders by offering them special advantages.

Ministry of Finance continues to improve supplier services through internal and external strategic initiatives, in collaboration with other federal entities, in order to improve the user experience and expand the supplier registry database.

News source: Emirates News Agency