Qatar Petroleum’s ‘Tawteen’ initiative is leading the development of Qatar-based vendors and service providers with an increasing number of registered suppliers based in the country, QP has said in a report.
The programme is based on three pillars, with the ambition to build a resilient and competitive energy sector in Qatar, QP said in its latest Sustainability Report.
QP has been a main pillar of Qatar’s economy for almost half a century. “Going forward, we seek to further develop our social and economic contribution to foster local economic development to strengthen the local energy sector,” QP said.
As a result, QP and other energy companies in Qatar are changing their internal procurement and finance processes, terms and conditions. Ultimately, suppliers and contractors, who are contributing the most to the local economy, will acquire a commercial advantage.
The Tawteen programme primarily aims to foster the development of the energy sector’s local supply chain and to expand small and medium enterprises’ base in Qatar. It currently offers investment opportunities for a range of fields, including engineering services, maintenance, repair, and overhaul, digital technologies, subsurface, chemicals and metals, as well as light equipment, business services and others.
It will be extended to more fields in the future. Overall, the programme aims to create more than 5,000 white collar jobs and add QR8bn-9bn additional value to the local economy, translating to a GDP growth of 1.6%.
“Suppliers who want to do business with QP must meet a number of clear criteria, which include commitments associated with health, safety, environmental protection and governance.
“In 2019, we spent approximately QR11.64bn in procuring goods and services, 79% of which was awarded to suppliers and contractors based in Qatar,” QP said in the report.
Abdulaziz al-Ansari, manager, QP’s Supply Chain Localisation, said, “We have launched the Tawteen initiative to stimulate the local economy to support the energy sector’s supply chain. Tawteen will increase local demand creation through the 'In-Country-Value' (ICV) programme and through offering long-term procurement commitments.
“These will accelerate development of local small and medium enterprises with programmes focused on capability building, technical and commercial support tailored to establish and grow their businesses in Qatar.”
The programme is based on three pillars, with the ambition to build a resilient and competitive energy sector in Qatar, QP said in its latest Sustainability Report.
QP has been a main pillar of Qatar’s economy for almost half a century. “Going forward, we seek to further develop our social and economic contribution to foster local economic development to strengthen the local energy sector,” QP said.
As a result, QP and other energy companies in Qatar are changing their internal procurement and finance processes, terms and conditions. Ultimately, suppliers and contractors, who are contributing the most to the local economy, will acquire a commercial advantage.
The Tawteen programme primarily aims to foster the development of the energy sector’s local supply chain and to expand small and medium enterprises’ base in Qatar. It currently offers investment opportunities for a range of fields, including engineering services, maintenance, repair, and overhaul, digital technologies, subsurface, chemicals and metals, as well as light equipment, business services and others.
It will be extended to more fields in the future. Overall, the programme aims to create more than 5,000 white collar jobs and add QR8bn-9bn additional value to the local economy, translating to a GDP growth of 1.6%.
“Suppliers who want to do business with QP must meet a number of clear criteria, which include commitments associated with health, safety, environmental protection and governance.
“In 2019, we spent approximately QR11.64bn in procuring goods and services, 79% of which was awarded to suppliers and contractors based in Qatar,” QP said in the report.
Abdulaziz al-Ansari, manager, QP’s Supply Chain Localisation, said, “We have launched the Tawteen initiative to stimulate the local economy to support the energy sector’s supply chain. Tawteen will increase local demand creation through the 'In-Country-Value' (ICV) programme and through offering long-term procurement commitments.
“These will accelerate development of local small and medium enterprises with programmes focused on capability building, technical and commercial support tailored to establish and grow their businesses in Qatar.”