01-05-2025
Ministry of Finance Partners with LuLu Hypermarket to Enhance Digital Procurement Efficiency
The Ministry of Finance has signed a strategic agreement with LuLu Hypermarket to strengthen the UAE's federal digital procurement system, a move aimed at streamlining government purchases and boosting cost-efficiency across federal entities.
The agreement, signed today in Dubai, was formalized in the presence of Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Yusuff Ali, Chairman and Managing Director of LuLu Group International. It allows federal entities to access a wide range of products through the digital procurement platform at competitive prices, with the added benefit of exclusive discounts.
Designed to enhance transparency, speed, and efficiency, the partnership introduces the 'Punch Out' feature—a digital link between the procurement platform and LuLu's e-commerce site. This feature enables users to navigate directly to LuLu's product catalogue, place orders, and complete transactions within minutes.
The collaboration is part of the Ministry's broader efforts to modernize and expand its supplier network under the Federal Law on Procurement. The goal is to reduce procurement time, cut operational costs, and support the government's vision for a smart, integrated, and sustainable financial system.
LuLu Hypermarket becomes one of the first suppliers to integrate the new feature, offering federal buyers access to over 120,000 products and services across 35 categories. The platform has already shortened procurement cycles from 60 days to just 6 minutes.
The Ministry has also rolled out supporting measures, including a new Procurement Procedures Manual and Delegation of Authority Matrix, to reinforce compliance and procedural efficiency across all federal entities.
News Source: Emirates News Agency
