Digital Procurement Platform registered 24789 suppliers in Q1 – Gulf Today

Digital Procurement Platform registered 24789 suppliers in Q1 – Gulf Today

The UAE Ministry of Finance aims to streamline procurement procedures for federal entities through DPP.

The UAE Ministry of Finance’s introduction of the Digital Procurement Platform in 2021 has radically changed the procurement experience for federal entities and suppliers, aiming to align purchasing policies with the UAE Digital Government Strategy 2025.

Over the past few years, the platform has significantly contributed to connecting federal entities with suppliers, facilitating communication through an integrated network that enhances the transparency of purchasing operations conducted by federal entities.

This results from integrating the best technological and commercial practices, hence increasing the importance of the Federal Suppliers Register within the Digital Procurement Platform that connects government entities with suppliers.

The number of suppliers registered in the Federal Suppliers Register within the Digital Procurement Platform reached 24,789 in Q1 2024, a notable increase compared to the year 2021 when the register started with 19,669 suppliers, increasing to 21,997 in 2022, and then to 24,418 by the end of 2023. The UAE Ministry of Finance aims to streamline procurement procedures for federal entities through DPP. This includes expanding the Federal Suppliers Register, reducing the overall process from 60 days to six minutes, introducing new practices such as electronic signatures