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Gibraltar's thriving services market contributes an impressive 97% to its GDP, making it the dominant economic force. This sector employs roughly 90% of the workforce and generates approximately $2.7 billion annually. Key drivers include:
Financial services: Gibraltar is a leading international financial center, attracting businesses with its favorable tax regime and regulatory environment.
Online gaming: The online gaming industry is booming in Gibraltar, with numerous companies employing thousands of people.
Tourism: Gibraltar is a popular tourist destination, attracting over 10 million visitors annually.
Shipping: Gibraltar's strategic location makes it a vital port for shipping and logistics.
Gibraltar Services Government Procurement
The Gibraltar government actively engages in service procurement, allocating around $150 million annually. Key areas of focus include:
IT services: Software development, cloud computing, and cybersecurity solutions are essential for government operations.
Professional services: Legal services, accounting, and consulting support are frequently utilized.
Construction and maintenance: Government buildings, infrastructure projects, and facility management services are commonly procured.
Healthcare services: Medical equipment, pharmaceuticals, and healthcare services are essential areas of government spending.
Education: Educational materials, training programs, and technological solutions for schools are actively procured.
Main Services Products and Services Procured by Gibraltar Government
The Gibraltar government procures a diverse range of services, categorized into several key areas:
IT services: Software development, cloud computing, and cybersecurity solutions are in high demand.
Professional services: Legal services, engineering consulting, and financial advisory are commonly utilized.
Construction and maintenance: Infrastructure projects, public buildings, and facility management services are frequently procured.
Transportation services: Public transport operations, logistics support, and waste management are key areas.
Healthcare services: Medical equipment, hospital management systems, and pharmaceutical research are essential areas of procurement.
Top Authorities for Gibraltar Services Procurement
Several key authorities oversee the procurement process for Gibraltar's government:
Office of the Deputy Governor (ODG): Responsible for overall procurement policy and strategy.
Central Procurement Unit (CPU): Manages the day-to-day operations of government procurement.
Financial Services Commission (FSC): Responsible for regulating the financial services industry in Gibraltar.
Gibraltar Regulatory Authority (GRA): Regulates the telecommunications, utilities, and gambling industries in Gibraltar.
Top Winners of Gibraltar Services Procurement
Several prominent companies consistently win Gibraltar government service contracts:
Gibtelecom: A leading telecommunications provider offering fixed-line, mobile, and broadband services.
Eros International: A global entertainment company headquartered in Gibraltar.
Gibraltar International Airport: A major airport serving Gibraltar and the surrounding region.
Gibraltar Port Authority: Manages the Port of Gibraltar, a vital hub for shipping and logistics.
Gibraltar Healthcare Authority: Provides healthcare services to the people of Gibraltar.
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