Yesterday, the Ministry of Finance presented a guide on procurement procedures for the federal government, aimed at organizing and simplifying processes, as well as applying the law to all government entities. At the press conference held by the ministry in Dubai, key incentives for compliance with the requirements of the law on government procurement were presented. The event was attended by the Deputy Minister of Finance, Yunus Al-Hudhi, and the Deputy Head of the Governmental Financial Sector Administration, Mariam Mohamad Al-Amiri. They announced the launch of a delegation matrix aimed at clearly defining responsibility to improve the effectiveness of processes and ensure compliance with approved standards. "We continue to support national projects and small and medium companies, facilitating the realization of the future, the visions that the UAE possesses," emphasized Al-Hudhi. Mariam Mohamad Al-Amiri noted that the government procurement platform underwent radical changes in procurement for the federal government over the past four years. The platform transitioned from traditional procedures to a digital system based on electronic trading and modern procurement instruments. She communicated that the development of the platform continues and in 2025 there will be a comprehensive update, including the integration of artificial intelligence technologies. Currently, there are more than 10,000 registered suppliers on the platform, of which 5,800 are active. Small and medium companies are an important part of the system, with the number of registered companies exceeding 600. Of the 40 framework agreements concluded through the platform, 26 involve small and medium companies, and their share in accessible procurement ranges from 20 to 24%.
