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Dubai, April 11 2009
The Mohammed Bin Rashid Establishment (MBRE) for Young Business Leaders has announced a 58.6 % increase in the value of MBRE member’s contracts through the Government Procurement Program (GPP) reaching Dhs238m in 2008, a Dhs88m increase over 2007 which value reached Dhs150m.
Since the launch of the GPP, almost Dhs700m worth of transactions have been made during 2008 between government departments and local companies supported by MBRE. The value of contracts concluded between the members of MBRE and departments affiliated to Dubai government, mounted to approximately Dhs223m, whereas the value of contracts signed with ministries and federal bodies where nearly Dhs8m, and Dhs7m with companies and institutions in other sectors.
Commenting on the GPP, Abdul Baset Al Janahi, CEO of MBRE, said:
“The allocation of 5% of annual procurement contracts from governmental departments to registered members of MBRE will greatly benefit our nation’s entrepreneurs.“
The decision to allocate 5% of annual procurements contracts to MBRE members came directly from H.H. Shaikh Mohammed Bin Rashid, UAE Prime Minister, Vice-President of the UAE, and Ruler of Dubai.
Al Janahi praised the great response of numerous government bodies and institutions by making procurement contracts with members of the MBRE, referring to the Emirates Group (Emirates Airline), which made contracts with the Establishment’s members mounting to nearly Dhs105m during 2008, whereas the Roads and Transport Authority (RTA) contracts reached almost Dhs63m during the same year.
Al Janahi urged all departments and institutions of the Government of Dubai as well as ministries and federal bodies to increase business transactions made with the member of the GPP and to continue to support the UAE’s youth.
