An initiative launched by the Abu Dhabi Executive Council in 2018 and managed by the Abu Dhabi Department of Economic Development (ADDED), Sharaka (which means partnership in Arabic) aims to support the private sector’s development, enhance ease of doing business, and further strengthen public private partnership by accelerating the settlement of financial claims and dues owed to private sector companies by government entities and institutions.
Sharaka platform is part of Abu Dhabi initiatives to support the emirate’s development journey. A transparent communication mechanism, it provides trusted accurate information on submitted requests by examining the reasons behind payment delays and issuing appropriate recommendations. This enhances cooperation among various government entities in the emirate to better serve the private sector and mobilise the necessary capabilities to facilitate business operations.
Since its launch, Sharaka has contributed to accelerating the settlement of financial claims owed to private sector companies by government and semi-government entities, in line with circulars issued by the Abu Dhabi Executive Council to expedite financial payments and shorten the collection cycle.
“Sharaka,” which can be accessed through the “TAMM” Abu Dhabi Government Services platform, provides a seamless and secure experience. Private sector companies can submit their outstanding invoices to be fast-tracked for payment. Cases are dealt with through a set of criteria that ensures payments are properly billed and settled in a timely manner.
To ensure faster payments to suppliers, ADDED has established a dedicated team to manage requests related to the Sharaka platform in accordance with the highest standards of transparency and clear, precise criteria. This contributes to the smooth handling of requests.