Qatar fine-tunes tender, auction laws; to support small and medium firms, enhance governance ...Qatar

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In an overhaul of the tender and auction laws, Qatar has incorporated in-country value (ICV) into purchase and procurement process, especially financial assessment, as part of efforts to support the small and medium companies. This has been done through amendments with a view to enhance governance and procurement processes. The amendments to the executive provisions of Law No. 24 of 2015, regulating tenders and auctions, were highlighted by the top officials of the Ministry of Finance. The amendments come within the continuous efforts of Qatar to support economic activities in the non-oil sectors with increasing trend towards enhancing the role of the private sector in implementing a wide r

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