Dh40 billion worth of projects approved under PPP model

Dubai has approved a portfolio of projects worth Dh 40 billion, as part of the Dubai government’s public-private partnership policy.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, approved the portfolio during the first meeting of The Executive Council of Dubai since its reconstitution.

Featuring a wide variety of projects, the new portfolio aims to further enrich cooperation and inspire new collaborations between the public and private sectors in the emirate.

Abdulrahman Saleh Al Saleh, Director-General of the Department of Finance (DoF), said: “The DoF has well positioned Dubai’s public- private partnership (PPP) ecosystem to become a global innovative destination for governments seeking to finance infrastructure and urban development projects. The government efforts led by DoF have resulted in laying solid foundations for building a comprehensive and integrated system in PPP. We will continue strengthening these foundations and build on them in close cooperation with our partners from government entities and private sector companies, which have the capabilities and expertise and look forward to increasing the positive return on their business."

The PPP ecosystem is gaining great importance in economic development and infrastructure development, said Muna Ahmad Abdulla, Director of the Capital Projects Division at DoF. She also affirmed that partnership projects stimulate the economy and create job opportunities through private sector investments in government infrastructure projects.

“PPP projects improve the infrastructure and modern projects implemented in partnership with the private sector ensure the improvement of services provided to citizens and residents, as partnership with the private sector leads to improved efficiency and innovation in service delivery,” said Muna Abdulla.