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SUPPLY CHAINS-
UAE expands DPP catalog: The UAE’s Ministry of Finance has expanded its Digital Procurement Platform (DPP) catalog to include 35 new categories with over 120k products and services from 230 suppliers, Wam reports. The catalog initially offered 7k products and 500 services distributed over 19 categories. The platform also has new features including electronic contract drafting, digital identification for contract signing, a reporting dashboard, and a budget verification feature.
Background: The ministry launched the platform to streamline government procurement processes and improve spending efficiency last February. The catalog has slashed the steps for procurement from 11 to three and decreased purchase process time to six minutes down from two months.
FREIGHT-
Bahri + GDC Middle East ink freight forwarding MoU: KSA’s national shipping company Bahri logistics arm Bahri Logistics has signed an MoU with Saudi sovereign wealth fund the Public Investment Fund’s aerospace system solutions company GDC Middle East to boost collaboration in freight forwarding services, according to a statement. Under the MoU, the two sides combine expertise and resources to develop freight forwarding services in the Kingdom.
OTHER STORIES WORTH KNOWING THIS MORNING-
- GAFI + HSBC Egypt ink MoU: Egypt’s General Authority for Investments and Free Zones (GAFI) has signed an MoU with HSBC Egypt to attract foreign investment and boost the private sector’s role in economic development. HSBC Egypt will bring in international investors to Egypt based on information provided by GAFI. (Statement)
- Bridgestone launches Webfleet in UAE: Tire maker Bridgestone has launched its fleet management system, dubbed Webfleet, in the UAE. (Press release)
- Menzies launches MACH system in fourth location:Menzies Aviation, a subsidiary of Kuwaiti logistics giant Agility, has launched its cargo management system Menzies Aviation Cargo Handling (MACH) at Macau International Airport. (Statement)
