SMEs included in government procurement process
As part of its drive to encourage small business development and to improve entrepreneurship, Qatar's government has included SMEs in the procurement process
Qatar has included small and medium-sized enterprises (SMEs) in its government procurement process, in an effort to bolster entrepreneurship and the SMEs.
State-owned Qatar Development Bank (QDB) is currently working with the Ministry of Finance to integrate the SMEs into the state procurement network.
Government procurement entails the act of obtaining goods and services for a public agency; essentially it is about government-related purchasing activity.
Inclusion of Qatari SMEs in the state procurement process is at the forefront of the initiative.
Abdulaziz Al Khalifa, executive chairman, QDB, said that his bank and the Ministry of Finance have taken crucial steps to ensure that this vital element is included.
He explained: “This will create [a] suitable environment for the development of the SMEs,” Al Khalifa told Al Sharq.
He said QDB has successfully managed to make the local SMEs part of procurement process for Qatar Rail Company and Qatar Tourism Authority (QTA), by way of example.
“Backed by the success of our effort and experience we are now working with the finance ministry to the make the SMEs part of the overall state purchasing system,” the QDB head stated.