Expo 2020 Dubai awards Dh6.8 billion of contracts to SMEs

Expo 2020 Dubai awards Dh6.8 billion of contracts to SMEs

The majority of the 760 overseas SME suppliers hailed from the United Kingdom (24 per cent), the United States (16 per cent), France (4 per cent), India (four per cent) and Australia (four per cent)

Al Wasl at sunset on the final day of Expo 2020 Dubai. — Supplied photo

Published: Mon 25 Apr 2022, 3:07 PM Last updated: Mon 25 Apr 2022, 3:08 PM

Expo 2020 Dubai on Monday said it awarded Dh6.8 billion of contracts to small and medium-sized enterprises (SMEs) and played a significant role in promoting this vital sector of Dubai’s vibrant economy and exceeded a commitment made in 2016 to award at least 20 per cent of all direct and indirect spend to SMEs.

“The figure represents more than a quarter of all Expo 2020 Dubai contracts in terms of value. Of the 3,245 suppliers awarded Expo 2020 Dubai contracts, 66 per cent (2,150) were SMEs, with 64 per cent (1,390) of these comprising domestic SMEs, reflecting the calibre and diversity of UAE-based enterprises and supporting the UAE’s wider drive towards a thriving private sector and more resilient economy,” according to a statement issued by Expo 2020 Dubai.

UK suppliers take lead

The majority of the 760 overseas SME suppliers hailed