Abu Dhabi Department of Finance processes tenders worth Dh5 billion in first quarter

The Abu Dhabi department of finance says Dh5bn of tenders were processed under a new, more transparent system in first quarter.

Abu Dhabi’s Department of Finance said yesterday that in the first quarter it processed 26 tenders for seven government entities in the emirate worth Dh5 billion under the system managed by Al Maqta’a bidding hall that ensures greater transparency.

The tenders that were managed by Al Maqta’a included service and infrastructure projects in Al Wathba North and various regions of the emirate and roadworks in the Al Dhafra region. It also included the construction of buildings for Abu Dhabi Distribution Company, Abu Dhabi Central Morgue, General Directorate of Penal and Correctional Institutions, Al Ghuwaifat Border and Strategic Feed Stores. That is in addition to establishing electricity, water and sanitation infrastructure.

“The Department of Finance Abu Dhabi continues its efforts to implement the best standards of transparency and justice in procurement and government projects to ensure competition is fair and equal,” said Jamal Al Khoori, the director of government tenders and auction support management, financial policies and system sector.

“Al Maqta’a bidding hall adopts the best legal and regulatory procedures and governance practices, as well as the latest technologies in managing the government tender process. These standards have helped in achieving greater transparency, enhancing Abu Dhabi’s economic competitiveness through attracting foreign investments.”

The Al Maqta’a bidding hall was established in June 2015 for capital and operational project tenders worth more than Dh100 million. A supervisory committee manages gathering and archiving of documents and information relating to the tenders as well as preparing reports and reviewing complaints from contractors and suppliers, the Department of Finance said.

The Al Maqta’a bidding hall manages the tendering in five phases, starting with the tender preparation and ending with the opening of financial tenders. To ensure transparency, the prices of competitive tenders are announced, the department said.

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