New website to enhance Qatari market transparency

The Qatar Ministry of Finance is launching a website to improve market transparency.

The Qatar Ministry of Finance recently chose to initiate a new website to improve market transparency by announcing all of the future tenders that are part of the government.

Links Group, one of the top suppliers of commercial facilitation and advisory services to Qatar, said the new website will also assist with the public procurement process.

"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,”  Links Group Founding Partner John Martin St. Valery said. “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 (small and medium enterprises) 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 percent of the contract.”

The website will be fully operational in June and will give information about public procurement and auctions to traders, bidders, firms and suppliers.

"Qatar is contemplating tough actions against price fixing, bid rigging and other forms of possible collusions in public tenders,” St. Valery said. “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.”

Organizations in this story

Qatar Ministry of Finance Al Souq, Doha, Qatar Doha, Doha

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