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 46338 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
Boss Bottled Oud Aromatic and Saffron: the New Enticing Fragrances [19172-Views]
As if Made from One Piece: GROHE Offers Individual System Solutions for the Entire Work Area Around ... [15723-Views]
Cerruti 1881' [14772-Views]
Police Is the Official Eyewear in the Sony Pictures Film “Men in Blacktm: International” [14662-Views]
Saint Honore [14280-Views]
Chloé Launches The New Cloud-shaped “rosie” Sunglasses [10959-Views]
Michael Kors Co-hosts the 10th Anniversary of the Annual Filmmakers Dinner [10303-Views]
Max Mara Resort 2020 Collection [10188-Views]
Let Your Style Roar [9647-Views]
Festival of Speed Celebrates Aston Martin's Racing History [8676-Views]
Ralph Lauren Presented with an Honorary UK Knighthood [8044-Views]
Ink Your Lips This Summer With Artist Rouge Ink, Make Up for Ever's New Airlightlip Color [6769-Views]
The Edge Picture Company Transforming Qatar's Film Production Industry [6162-Views]
Siemens to supply power equipment and services for 840 MW power plant in Iraq [4338-Views]
Qatar Post organizes “Iftar of the Fasting” drive for the third consecutive year [3891-Views]
World's Newest Lulu Hypermarket High-End Flagship Concept Makes its Debut at Doha Mall [3747-Views]
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone [3407-Views]
Terry Senior Appointed as Head of The Hamilton International School [3100-Views]
Sports Collection - Autumn Winter 2019 [2964-Views]
Critical Strategies for Staying Ahead of Emerging Cyberthreats [2825-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories