Qatar PR Network, Online Press Release from qatar and Doha city
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
Links Group: New Qatari Government tender website set to improve market transparency

Qatar, February 10, 2016:  The Qatari Ministry of Finance’s decision to launch a new website to announce all future government tenders is set to improve market transparency in the public procurement process, according to Links Group, one of Qatar’s leading providers of commercial facilitation and advisory services. 

The website will be officially launched in June 2016 and will provide information on all public procurement and auction-related announcements to interested parties, including bidders, traders, suppliers and firms.

Commenting on the Ministry of Finance’s plans John Martin St. Valery, founding partner of Links Group said: “The new website will provide further market transparency and stability for businesses that are partaking in the public procurement process as the government will be able to check on any possible riggings and manipulations in biddings.

“Interested parties will be able to apply for tenders online to help with applications with technical specifications including links between websites, the government regulator and other public entities. Promisingly, SMEs have also been included and according to the new law, foreign companies implementing national projects are to use local market resource to the value of 30% of the contract.

“Qatar is contemplating tough actions against price fixing, bid rigging and other forms of possible collusions in public tenders. The new law stipulates prosecution of officials who act against the country’s competition protection in public procurements, and also for bidders involved in rigging bids or making attempts to influence officials through bribing. 

“According to Qatar’s Ministry of Finance, the number of public infrastructure development projects will generate billions of riyals of procurement tenders. With one of the most promising project markets and under the pressure of an immovable deadline to be ready for the 2022 FIFA World Cup, the country is currently in the midst of a construction boom.

“This move towards a transparent tender market is a positive step for Qatar. With its fast-growing economy the country has become an attractive destination for international companies wanting to stimulate their home markets. Market transparency is critical to ensure sustained economic diversification in line with Qatar’s National Vision 2030.”

Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 45641 times
PR Category : Government, Legal & Humanity
Posted on : Wednesday, February 10, 2016  11:51:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
What Procedure I Got Done to My Skin [34596-Views]
Introducing Burberry Bespoke Fragrances [17060-Views]
An Amazing Collection for Ladies From Police [16211-Views]
Flaunt your gravity-defying hairstyles to become the face of our brand [16027-Views]
From Tracks to the Street: Puma Re-issues CELL Venom [15961-Views]
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign [14042-Views]
A City by the Sea and the Desert: Diana Arno SS19 Collection [13419-Views]
Cole Haan Delivers True Performance Footwear With the Release of the Zerøgrand All-day Trainer [13399-Views]
Completes Acquisition of Versace [12480-Views]
Profeta - Premium Range of Halal Vitamins and Supplements for Men, Women and Children [11931-Views]
Nissan Energy demonstration hits the spot [10156-Views]
Ralph Lauren offers the spring 2019 collection [9799-Views]
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment Businesses at CES 201... [9680-Views]
Huawei Launches 5G Multi-mode Chipset and 5G CPE Pro [9209-Views]
Rolls-Royce Motor Cars Achieves Historic Business Record [8836-Views]
19 reasons to fly with British Airways in 2019 [8569-Views]
Turkish Airlines reached the 80.2% Load Factor in December 2018. [7581-Views]
212 VIP Extra Limited Edition [7085-Views]
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote [7056-Views]
Honor 10 Lite Packs Stylish Looks and Flagship Performances Into New Device [6974-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories