Key figures at the “National Forum for Small and Medium Enterprises – Government Procurement” include H.E. Abdulla bin Touq Al Marri, the Minister of Economy, and H.E. Abdullah Ahmed Al Saleh, the Undersecretary of the Ministry of Economy. They play significant roles in discussing and implementing initiatives to support national SMEs. The event also features H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, among other speakers and representatives from federal entities and national companies.
Overview of the National Forum for SMEs 2024
The National Forum for Small and Medium Enterprises 2024 is set to be a pivotal event in Dubai, focusing on government procurement opportunities for Emirati SMEs. Organized by the UAE Ministry of Economy, this forum aims to empower local entrepreneurs by showcasing tenders and contracts from over 80 federal entities and national companies. Scheduled to take place at the Jumeirah Emirates Towers Hotel, the event promises to facilitate vital connections between SME owners and major procurement entities, fostering economic growth and innovation within the UAE’s burgeoning SME sector.
Key Objectives of the 2024 Government Procurement Forum
The 2024 Government Procurement Forum is strategically designed to boost the national economy by enabling Emirati SMEs to engage more actively with government and private sector procurement opportunities. This forum not only aims to enhance the visibility of available tenders but also to educate SME owners about the procurement process, ensuring they are well-prepared to compete and succeed. The event focuses on fostering a supportive ecosystem where SMEs can leverage their innovative capabilities to meet the demands of large-scale procurers.
Notable Speakers and Participants at the SME Forum
The 2024 National Forum for SMEs – Government Procurement features a distinguished lineup of speakers and attendees, including H.E. Abdulla bin Touq Al Marri, Minister of Economy, and H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy. Together with H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, these key figures will guide discussions on enhancing the role of SMEs in the UAE’s economic framework. The forum will also host experts and leaders from various federal entities and national companies, all coming together to support Emirati SMEs.
Impact of Government Procurement Policies on SMEs
The 2024 National Forum for SMEs highlights the profound impact of government procurement policies on small and medium enterprises. The forum delves into how these policies are designed to open up significant opportunities for local businesses, enabling them to contribute more effectively to the national economy. Discussions will focus on the strategic advantages these policies provide SMEs, including increased market access and enhanced competitiveness both locally and globally, thereby driving innovation and sustainable economic growth.
- Digital Procurement Platform (DPP): This platform revolutionizes how SMEs access government tenders by digitalizing the entire procurement process. The DPP aims to simplify submission procedures, improve transparency, and shorten the procurement cycle, enabling SMEs to compete more effectively for government contracts.
- Hafez Program: Tailored to support SMEs financially, the Hafez Program offers subsidies and grants to help cover operational costs and bids for government projects. This initiative is designed to lower the barriers to entry for smaller enterprises trying to navigate the complexities of government procurement.
- Nafis Program: As part of a broader national strategy, the Nafis Program focuses on increasing the competitiveness of Emirati nationals in the workforce, including through SMEs. This initiative provides vocational training, upskilling courses, and employment support, which in turn helps SMEs enhance their offerings and business capacities.
Each of these initiatives is crafted to provide substantial support to Emirati SMEs, empowering them to thrive in a competitive market and contribute robustly to the UAE’s economy.
Thanks to Abu Dhabi SME Hub for part of the valuable info about the UAE National SMEs Forum (click)