Reinventing the Go procurement funct
COUNTRY FOCUS: UAE
In 2025, as the UAE refocuses on its We the UAE 2031 vision, government agencies will be more eager than ever to turn procurement into a value-adding force. With new technologies like AI at their fingertips, Ministries will be served by source-to-pay solutions and supplier-collaboration platforms that leave nothing to chance as budgets turn the nation’ s ambitions into reality.
Panoramic view of Dubai’ s The Palm island
When the United Arab Emirates’ success story is brought under the microscope, everything from its dramatic skylines and pristine malls to its agile infrastructure and safe public spaces comes down to one thing, attentive government. The nation’ s leaders have taken bold steps to build a futureproof society.
The UAE federal budget for 2025 sits at around US $ 19.5 billion as the government continues on its ambitious path. Economic success did not happen overnight. It occurred through a steady, determined march in which talent and capital merged to create something that is the envy of the world. Through it all, the procurement process played a seminal role. Governments function, as do other entities, on having the right solutions at hand when needed.
In 2025, as the UAE refocuses on its We the UAE 2031 vision, government agencies will be more eager than ever to turn procurement into a value-adding force. With new technologies like AI at their fingertips, ministries will be served by advanced source-to-pay, S2P solutions and supplier-collaboration platforms that leave nothing to chance as budgets are applied to turn the nation’ s ambitions into reality.
“ For any organisation, procurement is a pitted road. First, one must find eligible suppliers. Then comes the assessment of products and whether they are compatible with business models and regulatory obligations. Next comes negotiation, then contract drafting, followed by receipt and payment. There are many opportunities for disruption in the S2P process,” says Hany Mosbeh, Senior Vice President MEA and APAC, JAGGAER.
50 INTELLIGENTCIO MIDDLE EAST www. intelligentcio. com