Give incentives approved by federal law on small projects

The Council of Projects and Small and Medium-sized Enterprises, operating under the umbrella of the Ministry of Economy and the Ministry of Finance, announced the activation of the electronic federal government tender system with the national program for the middle and small businesses (SMEs), the Council's executive committee to enable entrepreneurs from small and medium-sized enterprises Less than 10% of the total contracts and purchases by the federal authorities, and 5% of the contracts of companies of which the federal authorities at least 25% of the capital under the provisions of Act No. (2) for the year 2014 for small and medium-sized enterprises.

This link will serve the efforts of the Council of Projects and small and medium-sized enterprises to provide the facilities and incentives approved by the federal law for small and medium-sized enterprises of citizens, and to contribute to the realization of government views to increase and improve the competitiveness of national entrepreneurship.

The pillars of diversity

HE Sultan bin Saeed Al Mansoori, Minister of Economy and Chairman of the Council of Projects and small and medium-sized enterprises, said that business is a priority on the agenda of the government's concerns because it is a cornerstone of economic diversification and transition to a knowledge-based economy based on creativity and innovation.

He explained that the Ministry of Economic Affairs, represented in the Council of Projects and Small and Medium Enterprises, would like to cooperate and coordinate with all its strategic partners, led by the Ministry of Finance, to create a regulatory environment that is conducive for the growth and development of national competitive entrepreneurship and offer a package of financial, operational and technical measures to meet the needs of owners of these projects. Addressing the various challenges they face, it has been pointed out that the activation of the electronic connection system for the federal government's tender with the national program for small and medium-sized enterprises gives national entrepreneurs a fair chance to compete and to compete. to win. Qualities of the federal government.

An important partner

HE Obaid Humaid Al Tayer, State Secretary for Finance, said: "The Ministry of Finance, as an important partner in the Council of Projects and small and medium-sized enterprises, is keen to continue with the Ministry of Economic Affairs to ensure the success of to ensure this institutional system and support the growth of SMEs In the success of activating the process of electronic linking of the financial system, used by all federal agencies in the state to implement the procedures of public procurement. so that small business owners can access these calls through the Ministry of Finance ».

He added: "This step was crucial to ensure the success of the legislative and institutional system supporting the growth of this vital sector by allowing the registered citizens of the system to obtain registrations that are suitable for the nature of their activity.This will contribute to the development of the competitiveness of the country's entrepreneurial sector, contributing to GDP according to the national agenda and vision of the UAE 2021 ».


Emirati entrepreneurs with small and medium-sized companies that want access to the public procurement federal procurement procedure have to carry out three basic steps: registration on the website of the national program for small and medium-sized enterprises on issue a membership number activated in the program and then enter this number and register the data of entrepreneurs within the procurement site of the Ministry of Finance, giving preference to tenders from the federal government.

Source link

Leave a Reply