Media ININ Economy We Trust
Media In – Abu Dhabi – 18 September 2018 / WAM /
The Council of Projects and Small and Medium Enterprises (SME), which operates under the umbrella of the Ministry of Economy and the Ministry of Finance, announced the activation of the electronic link system for federal government tenders with the National Program for Small and Medium Enterprises. Not less than 10% of the total contracts and purchases by the federal authorities, and 5% of the contracts of companies that the federal government owns at least 25% of its capital, under the provisions of Law No. 2/2014 on small and medium enterprises. This link will serve the efforts of the Council of Projects and small and medium enterprises in providing 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 visions in enabling and enhancing the competitiveness of national entrepreneurship. Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Council of Projects and Small and Medium Enterprises, said that the business sector is a priority on the agenda of the government’s concerns, as it represents a fundamental pillar of economic diversification and a transition to a knowledge based economy based on creativity and innovation. He pointed out that the Ministry of Economy is represented in the Council of Projects and Small and Medium Enterprises, which is keen to cooperate and coordinate with all its strategic partners, especially the Ministry of Finance, to create a regulatory environment conducive to the growth and development of competitive national entrepreneurship and provide a package of financing, operational and technical procedures. The various challenges facing them. He pointed out that the activation of the electronic link system of the federal government tenders with the national program for small and medium enterprises provides a fair opportunity for entrepreneurs to compete and win tenders Federal Government.
