Ministry of Finance announces Federal Decree-Law No. 11 of 2023

Ministry of Finance announces Federal Decree-Law No. 11 of 2023

The Ministry of Finance announced the issuance of Federal Decree-Law No. 11 of 2023 on Federal Government Procurement, which sets the general framework for the procurement of products and services in the UAE’s government. The law, based on advanced and flexible international best practices, aims to define the principles, controls, and standards for government procurement operations, enhancing and guiding procurement processes within federal government entities. It aligns with the UAE’s digital agenda and enables its drive to implement digital procurement systems utilising world-class policies and practices, as well as ensuring equality and fairness among participating suppliers, involving relevant stakeholders and participants in the purchasing process at federal entities, and ensuring that they implement operations efficiently and effectively to ensure quality and achieve spending efficiency. The Federal Decree-Law No. 11 of 2023 also aims to enhance integrity, trust, transparency, and competitiveness in all procurement procedures, while providing public value and public interest that align with global quality standards and sustainable development. It also supports Small and Medium Enterprises and the national economy, provides flexibility, improves the performance of purchasing and contracting operations, and enhances the efficiency of planning and procurement management at a federal level. The law applies to all procurement and contracting activities and