Expo 2020 Dubai has announced that 20 percent of its total direct and indirect spend, representing more than AED5 billion ($1.36 billion) in contracts, will be allocated to local and international small and medium enterprises (SMEs).

The landmark announcement is the latest in a series of SME-focused operational and legacy driven initiatives that have emerged as the result of Expo 2020 Dubai’s belief in the important role that SMEs have to play in contributing towards the delivery of the mega event.

Sultan bin Saeed Al Mansoori, Minister of Economy and chairman of the UAE SME Council, said: “SMEs are already playing a central role in the UAE’s drive towards cultivating a thriving private sector and diversified economy, which makes SME empowerment a strategic priority for the Government.

“This effort is also aligned with the UAE Vision 2021 to transition to a knowledge-based economy that fosters creativity and innovation.”.. see more

source: arabianbusiness