Video: Expo 2020 update - SMEs awarded majority of contracts

Wed 03 Apr 2019 10:19 AM GST
Expo 2020 Dubai has awarded over half of all contracted related to the event to small and medium-sized enterprises (SMEs) companies and is on target to meet its goal on awarded a fifth of its budget to this sector, an executive from the organising company confirmed on Wednesday.

“So far we have over 26,000 registered suppliers from one hundred and fifty countries wanting to do business with Expo. 75 percent of those companies are actual SMEs,” Tina Ghanem, director of Expo 2020’s Online Marketplace (OMP), said during a presentation at the Arabian Business Startup Academy in Dubai.

Last November, Expo 2020 announced the launch of OMP, a free-to-use online platform which allows companies from around the world to apply for business opportunities as part of the event, which will run from October 20, 2020 to April 10, 2021.

Arabian Business' Shruthi Nair and Bernd Debusmann discuss how SMEs are going to benefit tremendously out of Expo 2020.

(Source: Arabianbusiness.com YouTube channel)