EXPO 2020 Dubai awarded 6.8 billion of contracts to SMEs

Dubai's EXPO 2020 awarded around 6.8 billion of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to an essential sector of Dubai's dynamic economy and surpassing a commitment that was made in 2016 to reward at least 20% of all direct and indirect spend to SMEs.

Dubai’s EXPO 2020 awarded around 6.8 billion of contracts to small and medium-sized enterprises (SMEs), providing a significant contribution to an essential sector of Dubai’s dynamic economy and surpassing a commitment that was made in 2016 to reward at least 20% of all direct and indirect spend to SMEs.

The figure illustrates around a quarter of all EXPO 2020 Dubai contracts in terms of value. 3,245 suppliers were awarded Expo 2020 Dubai contracts, of which 66% (2,150) were SMEs, and about 64% of these consisted of domestic SMEs, reflecting the diversity and calibre of UAE-based firms and supporting the UAE’s broader drive to a thriving private-sector more resilient economy.

Advertisement

The majority of around 760 overseas SME suppliers came from the UK (24%), the US (16%), France (4%), India (4%) and Australia (4%).

Suppliers from beyond the UAE were sourced from 94 countries, signifying the World Expo’s international reach and influence.

The Chief Financial Officer and Deputy CEO, Expo 2020, Mukhtar Safi, said, “Our dedication to SMEs has been implanted into our planning since the very start of our World Expo journey, marking the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to support and empower SMEs – the lifeblood of economies around the world, including the UAE, where they are an essential driver of financial growth and a robust source of job creation.”

“The integration of SMEs into the delivery of what has been an indeed unique World Expo will be an essential part of Expo’s legacy for the UAE and wider region, boosting employment, supporting existing industries, improving SME competitiveness and eventually contributing to sustainable economic growth.”

From construction enterprises to event organisers, retail stores to food and drink outlets, SMEs played a vital role in the success of Expo 2020 Dubai, which granted AED 1.06 billion to UAE-based SMEs in 2021 alone.

Tariq Saeed

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More

Irishman to travel for 10,000 km from Dubai to Donegal on his motorbike

An Irishman is all set to go on the adventure of a lifetime from Dubai to his home country on a motorbike. Evan Bourke, aged 33, will be leaving the United Arab Emirates on Tuesday, July 19, for a 10,000km trip to his born nation of Donegal.

UAE: Dubai Police Innovation Council hosts final evaluation for “Innovation Race” Initiative 

The Dubai Police Force Department recently organized a comprehensive meeting to evaluate and deliberate on the final entries for the "Innovation Race" initiative in Dubai.

UAE: Dubai Police organizes Security Awareness Workshop for Thai Community in Dubai

United Arab Emirates: Dubai Police has organized a Security Awareness Workshop for the people of the Thai Community in Dubai today, December 31st. The event was organized under the presence of Dubai Police officials in association with the Royal Thai Community in Dubai for the Thai residents in the country.

Recent

Rescue operations continue in Oman for people who went missing due to floods

Rescue authorities in Oman persist in their search on Sunday, July 10, for people who went missing after days of heavy rainfall causing floods.

Coldplay to perform at Dubai Expo 2020

Dubai, UAE: British rock band formed in London - COLDPLAY, will be seen playing and singing their marvellous songs on the stage set at...

India-France-UAE navy completes trilateral maritime exercise in Gulf of Oman

The very 1st edition of the trilateral maritime exercise between India, UAE and France have commenced on June 7, 2023, Wednesday.
admin