Entities under Qatar’s Tenders and Auction Law spend QR 39 bn

Entities under the Tenders and Auction Law have spent QR 39 billion over the past nine months on public projects, which have been awarded to private companies and institutions, including SMEs, according to Qatar’s Finance Minister, HE Ali Shareef Al Emadi.

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In an opening speech at ‘Moushtarayat 2017′, Al Emadi said the government has taken several initiatives to establish an appropriate environment for expanding SMEs’ contribution to infrastructure, services and public utilities as part of its strategy to encourage and increase participation of the private sector in economic development.

Qatar is moving towards supporting economic activities in non-oil sectors while enhancing the private sector’s role in implementing a wide range of development projects, he said. The new Tenders and Auctions Law would enhance opportunities, transparency and efficiency in contracting procedures concluded by government agencies.

Private sector contribution

The government has taken many legislative measures aimed at providing various facilities and incentives for investments and encouraging the private sector to contribute effectively to development projects to support growth in various non-oil sectors.

Qatar has adopted and developed modern management methods, which rely primarily on centralization of policies and decentralized implementation to diversify the Qatari economy and expand the role of the private sector and encourage private initiatives.

Al Emadi said: “Development of the Qatari economy is witnessing significant momentum in the implementation of development projects, which clearly shows the continued increase in allocations of major projects in the budget, generating further opportunities for cooperation between the public and private sectors.”

 

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