Analysts estimate that Expo 2020 will bring $8 billion in investment to the UAE. Above, the future site of the world fair in Dubai. Sarah Dea / The National
Analysts estimate that Expo 2020 will bring $8 billion in investment to the UAE. Above, the future site of the world fair in Dubai. Sarah Dea / The National

Online portal to help companies tender for a part in ‘Expo Effect’



Companies hoping to be considered for a slice of the billions of dollars of work potentially on offer to help create Dubai’s Expo 2020 can now register for the tendering process, organisers said yesterday.

An online portal showcasing all Expo-related procurement operations and tender opportunities has just been launched.

On Tuesday at the event site in Jebel Ali, business leaders were urged to play their part in the “Expo Effect” that is bringing billions of dollars of investment and economic benefit.

Analysts estimate that the world fair in 2020 will draw $8 billion in investment.

The new portal will "enhance Expo 2020 ability to implement critical infrastructure projects more quickly and effectively as well as open the door to local, regional and global SMEs, entrepreneurs and businesses", organisers said.

Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Expo 2020 higher committee said that the online system would ensure a fair and transparent process.

Hussain Lootah, director general of Dubai Municipality, and chairman of the event’s tender and procurement subcommittee, said “every facet of procurement, tendering and vendor engagement is a priority … From supplier pre-qualification, evaluation and selection cycles, to embedding reliable structures, cost and performance monitoring, quality assurances, auditing and the elimination of redundancies – a solid and comprehensive sourcing system will assist Expo in achieving operational excellence”.

business@thenational.ae

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat