UAE's Digital Procurement Platform Revolutionizes Supplier Processes

 



The UAE government's revamped digital procurement strategy is yielding remarkable results, significantly reducing lead times for suppliers from days to mere minutes. With the implementation of new practices such as e-signatures and online contracts, the overall process for suppliers to sign up has been slashed from a daunting 60 days to a swift six minutes. This transformation underscores the government's commitment to streamlining processes, enhancing efficiency, and embracing digitalization to propel economic growth and development.

Furthermore, the Federal Suppliers Register, a pivotal component of the Digital Procurement Platform, has witnessed substantial growth, with 24,789 names recorded in Q1-2024. This exponential increase from 19,669 suppliers in 2021 to 24,418 by the end of 2023 reflects the platform's effectiveness in attracting and facilitating supplier participation. By providing a user-friendly registration service and simplifying procedures, the Ministry of Finance is empowering businesses to seamlessly engage in government tenders, fostering a competitive marketplace that drives innovation and value.

The recent introduction of an updated catalogue covering 35 categories with over 120,000 products and services further enhances the platform's capabilities. This expansive catalogue, coupled with negotiations conducted by the Central Procurement Unit to secure optimal prices, ensures that federal entities receive the best value for their procurement needs. As the Digital Procurement Platform continues to evolve, it remains a cornerstone of the UAE Ministry of Finance's strategic initiatives, embodying the nation's commitment to digital transformation and excellence in governance.

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