Dubai unveils projects worth Dh25 billion

NEW PUBLIC-PRIVATE PARTNERSHIP PORTFOLIO SPANS SEVERAL SECTORS

The Government of Dubai’s Department of Finance yesterday announced a large portfolio of projects worth Dh25 billion with an aim to foster new partnerships between the government and the private sector. The portfolio includes more than 30 significant projects in the infrastructure, public transportation and urban development sectors.

The projects were launched during the First Dubai International PPP Conference organised by the Department of Finance at Expo 2020 in the presence of Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance,.

50-year plan

The public-private partnership (PPP) portfolio spans several vital sectors. With the announcement, the total value of both existing and newly announced PPP projects in Dubai has exceeded Dh65 billion.

“The new portfolio of PPP projects seeks to further harness synergies between the two sectors to shape our future over the next 50-year phase,” said Shaikh Maktoum.

“The new projects provide private sector players with exceptional opportunities and will create ideal conditions for private sector companies to contribute towards Dubai’s future,” he added.

“The Dubai International Public-Private Partnership Conference represents a key initiative for generating new public-private partnerships that will help accelerate Dubai’s journey to the future,” said Abdul Rahman Saleh Al Saleh, Director-General of Department of Finance.