DAMAC Properties and ProTenders enter into an e-tendering agreement

Press release
Published May 23rd, 2017 - 07:06 GMT
Mohammed Tahaineh, Senior Vice President - Commercial, at DAMAC Properties and Mr Karim Helal, CEO and Founder of ProTenders
Mohammed Tahaineh, Senior Vice President - Commercial, at DAMAC Properties and Mr Karim Helal, CEO and Founder of ProTenders

DAMAC Properties is taking its project tendering online with professional e-tendering platform ProTenders.com, in a three-year agreement. ProTenders was specifically chosen in order to streamline DAMAC Properties’ tendering activities, allowing them to manage multiple tenders in real-time using its unique cloud-based technology.

Mr Karim Helal, CEO and Founder of ProTenders commented “We are delighted to have the opportunity to work with a leading developer such as DAMAC Properties and providing them with the platform, knowledge and support they need to complete such a big undertaking.”

Commenting on the agreement, Mohammed Tahaineh, Senior Vice President - Commercial, at DAMAC Properties commented: “With over 2,000 companies on our supplier list, ProTenders' dynamic company and tender reports enable us to quickly compare bids and make the right choice by easily identifying variations and drilling down into specific categories. The platform allows faster decision-making as we are able to manage tenders in real-time, resulting in reduced tender cycle times.”

The platform has a repository able to handle any scope, from a single project to a whole city, and has been built from the ground up for the construction industry, enabling developers, consultants and contractors to easily work together in a secure and user-friendly environment. It centralises all activities, documents, bids and communications in a single source, which is available 24/7 online and accessible from anywhere by simply logging in.

Mr. Helal added “Our award winning platform has so far proven to be a huge success with other developers in the region, as it has been used to manage over $20 billion worth of bids across more than 1000 tenders ranging from building renovations to $300M infrastructure projects. The fact that we take care of the on-boarding, training and support for all parties involved makes this a seamless transition for our clients, their partners and suppliers. We've also been seeing a massive growth over the last few months as we've introduced our Project Intelligence & Company Profiles modules, with hundreds of Suppliers, Contractors & Consultants signing up ever month to expand their businesses and mitigate the risks of the market.”

After an extensive testing phase, the DAMAC Properties platform is now live, and has already successfully progressed/processed over 100 tenders during its soft launch period.

Background Information

Damac Properties

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering residential, commercial and leisure properties across the region, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.

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