It accounted for 20% of the total spending

Expo 2020 Dubai awards contracts to small and medium enterprises worth 6.8 billion dirhams

The participation of small and medium-sized companies formed an important part of the legacy of "Expo 2020 Dubai" for the UAE and the region as a whole.

From the source

Expo 2020 Dubai revealed that it awarded contracts worth 6.8 billion dirhams to small and medium companies, to contribute significantly to the recovery of a vital sector in Dubai's active economy, and exceeds its previous commitment when he pledged in 2016 to grant small and medium companies at least 20%, of his total direct and indirect spending.

This figure represents more than a quarter of the value of contracts awarded by Expo 2020 Dubai.

Of the 3,245 suppliers who obtained contracts from Expo 2020 Dubai, 66% were, by 2,150 small or medium companies, and of this number, 64% of those small and medium companies (1,390) were local projects, which embodies the capabilities and diversity of UAE-based companies, and supports the country's broader drive for a thriving private sector and a more resilient economy.

The number of small and medium-sized companies from outside the UAE reached 760 companies from the United Kingdom (24%), the United States (16%), France (4%), India (4%) and Australia (4%).

In general, "Expo 2020 Dubai" used suppliers from 94 countries outside the UAE, in an indication of the global spread of this version of the World Expo and its impact.

Chief Financial Officer and Executive Vice President of Expo 2020 Dubai, Muhammad Mukhtar Safi, said: "In implementation of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at supporting and empowering small and medium enterprises, we have worked to support These companies, since the beginning of our journey in this edition of the World Expo, are the lifeblood of economies around the world, including the UAE, and are a key driver of economic growth and a vital source of job opportunities.”

He added: "The participation of small and medium-sized companies in this exceptional edition of the World Expo is an important part of the legacy of (Expo 2020 Dubai) for the UAE and the region as a whole, as it stimulates employment and competitiveness of small and medium-sized companies in various sectors, and contributes to sustainable economic growth."

From construction companies to event organizers and retail stores, and even food and beverage outlets, small and medium-sized businesses have played a major role in the success of Expo 2020 Dubai, which awarded 1.06 billion dirhams to small and medium-sized companies based in the UAE in 2021 alone.

Within this amount, SMEs in Dubai were awarded contracts worth 161.7 million dirhams ($44 million), which enhances Dubai's Government Procurement Program, which requires UAE government entities and institutions in which the government owns 25% or more equity. , allocating 10% of its purchases to Emirati companies that are members of the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development, which is part of the Department of Economy and Tourism, which provides support, information and outreach to the growing SME sector.

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