UAE’s Abu Dhabi to allocate 15% of procurement spending and annual contracts to mSMEs

Residential and office blocks along Abu Dhabi’s waterfront, United Arab Emirates, January 3, 2019. (Reuters)

• Emirate focused on stimulating growth in its small business sector

CAIRO: The United Arab Emirates’ government of Abu Dhabi will allocate 15% of government procurement spending and annual contracts to micro-Small and Medium Enterprises (mSMEs) from 2020 onwards to drive growth for small businesses, in line with its economic stimulus package, the emirate’s media office said in a tweet on Tuesday.