UAE transport provider ET's 2017 procurement valued at $251m
The figure was announced as federal transport corporation, Emirates Transport, signed a three-year agreement to develop a platform that will help to digitise its procurement activities
UAE-headquartered transport provider, Emirates Transport (ET), has revealed the total value of its procurement in 2017.
ET's procurement last year was estimated at $251.3m (AED923m).
The figure was revealed after ET announced it would digitise its procurement operations, in collaboration with Tejari and Jaggaer, an e-procurement service provider.
ET and its partners will develop an electronic platform aimed at companies competing to supply goods and services to the federal transport corporation.
The three-year contract will see ET team up with Tejari and Jaggaer to organise e-auction services, which are expected to boost transparency and competition amid registered suppliers participating in ET's tenders.
Mohammed Abdullah Al Jarman, general manager of ET, said the collaboration would also encourage "the active participation of various suppliers".
He continued: "Under this contract, an improved portal will be launched for reverse auctions, and new, unified, and integrated procedures will be introduced.
"The ET procurement site will be more dynamic and easy to use, and will attract more participants, thus getting the best prices available in the market."
Abdullah Al Janahi, chairman of the board at Tejari and Jaggaer, said his team's "advanced digital platforms" would help to enhance efficiency and transparency.
"Over the next three years, we will provide effective advice to improve business, enhance efficiency in transparency, [and] streamline decision-making and spending, with state-of-the-art digital technology and advanced high-speed analytics through a full range of technical services," Al Janahi added, according to WAM.
The last 12 months have been positive for ET, which announced significant additions to its portfolio last year.
Among these were the 45 contracts signed by Government Transport Centre (GTC), a subsidiary of ET, during the year.
GTC's contracts were signed with 17 local and federal government entities.
In the same period, the centre renewed 35 agreements ranging from one year to five years, according to Abdul Gaffar Mohammed Yousef, manager of GTC.
Yousef said GTC had 184 contracts in 2017, for which it operated more than 4,125 vehicles, and employed 1,882 drivers.
Some of GTC's government clients include the Ministry of Foreign Affairs and International Cooperation, the Ministry of Health, the Ministry of Education, the Federal National Council (FNC), Abu Dhabi Ports, and Abu Dhabi Tourism and Culture Authority.