April 28, 2020 / 5:28 PM / a month ago

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

CAIRO, April 28 (Reuters) - 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.

Reporting by Nayera Abdallah, Editing by Franklin Paul

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