A total of 322 government tenders were awarded to companies holding In-Country Value certificates in first nine months of 2021
More than 300 government tenders worth over AED1 billion were awarded to local companies during the first nine months of 2021 as part of economic stimulus initiatives in Abu Dhabi.
A total of 322 government tenders were awarded to companies holding In-Country Value (ICV) certificates of the Abu Dhabi Local Content (ADLC) programme by end of the third quarter, according to latest figures.
The ADLC performance report, issued by the Industrial Development Bureau (IDB), noted that total government tenders awarded during the same period reached 583 tenders with a total value of AED2.4 billion.
Tenders with local content value represented 41.5 percent of the total which means AED415 million was reinjected in the local economy to support local products and increase contribution of SMEs to the GDP, it added.
The ADLC programme, launched as part of economic stimulus initiatives to support the private sector through the Abu Dhabi’s accelerator programme Ghadan 21, witnessed wide participation from government entities.
Twenty-six government entities in the emirate awarded tenders to ICV holding companies by end of Q3 2021 compared to 17 entities in 2020.
The ICV contract awards were made in the following sectors – environment (39 percent), services (21 percent), construction (19 percent), supplies (10 percent), information and technology (9 percent) and audit and consultancy (2 percent).
The ADLC programme aims to boost the emirate’s GDP, increase Emiratisation rates in the private sector as well as promoting knowledge-based economy and adoption of advanced technology.
Rashed Abdulkarim Al Blooshi, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED), said: “The positive indicators of ADLC shows government entities’ awareness of the important role played by this programme in the local economy, diversification, sustainable growth, and government spending increase especially in knowledge-based industries and job creation for UAE nationals in the private sector as well as strengthening public-private sectors partnership to achieve development objectives of the emirate.
“We continue our efforts to achieve ADLC’s objectives by engaging more entities in the programme, adding more benefits to certified companies, and encouraging more companies to gain ICV certificate and benefit from its opportunities,” he added.
“We are building on ADLC’s successes and aim to make necessary improvements to increase SMEs contribution to GDP of Abu Dhabi. We will focus on simplifying ADLC by full automation of processes, tools and bidding and continue our efforts to increase awareness about the programme,” Al Blooshi said.
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