Dubai: Private sector companies based in the UAE stand to benefit in government business deals if they help achieve the country's Emiratisation targets, the government announced on Thursday.
The Ministry of Human Resources and Emiratisation (MoHRE) and the Ministry of Finance (MoF) announced that companies committed to meeting annual Emiratisation targets of 2 per cent growth will now get a priority in tendering for government procurement contracts.
More benefits
Others benefits of achieving the target includes enlisting the firms in the Emiratisation Partners Club, and enjoying the benefits of Nafis for companies and individuals - such as the financial support, provision of a database of UAE nationals qualified to work in the private sector and the Pension Programme that provides pension contribution support.
Younis Al Khoori, Undersecretary of the Ministry of Finance (MoF), said, "Granting priority to companies committed to achieving Emiratisation targets in the government procurement system is a form of support and an incentive for them, in recognition of their alignment with national strategic directions.
"To that end, enhancing these companies’ business activities will undoubtedly lead to increased contributions on their part towards supporting government and national goals across various sectors."
As for bidding for tenders of the government, the Ministry of Finance recently launched a digital procurement platform as part of its digital transformation strategy.
The platform allows suppliers in the UAE and abroad to register and offer services to federal government entities.
Around 14,000 suppliers have registered in the platform, which provides various services, allowing users to participate in tenders and online auctions, as well as track purchase orders and invoices. The initiative also aims to enhance the participation of small and medium-sized enterprises (SMEs) in tenders by offering them special advantages.
