In the interest of good leadership in the Emirate of Abu Dhabi to stimulate economic growth and support startups, the Department of Government Support issued a package of encouraging economic incentives in government procurement. Accordingly, the Circular No. (7) of 2020 regarding Economic Incentives for Emirati Entrepreneurs includes the following items:
• Exempting Emirati entrepreneurs from submitting a bank guarantee for the bid bonds.
• Exempting Emirati entrepreneurs from submitting a bank guarantee for the performance bond, provided that the government entity reserves 5% of the value of each invoice due for a period of 3 months after the final delivery.
• Pay the dues of Emirati entrepreneurs within 15 days of the date of the bill.
How to benefit from economic incentives
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Target group: All holders of commercial licenses owned by 100% UAE nationals issued by the Department of Economic Development - Abu Dhabi (including partners).
Government agencies included in the incentives program: All government entities of the Emirate of Abu Dhabi