As part of plans to boost the sustainable economic development of Dubai, business community organisation Tecom Group aimed to increase the role of small, local owned suppliers, such as local entrepreneurs and start-ups, by involving them in its annual projects.
To achieve this, the group diversified its supplier database to give extra emphasis to local suppliers. Tecom’s procurement team approached the leaders of its parent company Dubai Holding about the initiative and leveraging the volume of spend, gaining high-level buy in from senior management at both Tecom and Dubai Holding.
Tecom’s collaborative process was key to its success as were government and management support. A catalogue of what could be sourced through SME and local suppliers made the initiative easy to adopt.
So far, AED 50 million has been spent on SME and local owned suppliers through the initiative in 2017 and 2018.