The Dubai government has approved public-private partnership (PPP) projects worth AED40 billion ($10.89 billion) to boost economic growth and infrastructure development.
The new PPP portfolio, managed by the emirate’s finance department, will include a range of projects to boost cooperation and build new collaborations between the public and private sectors, state-run Wam news agency reported.
“Launching an abundant, strong portfolio of projects is a fundamental pillar of the government’s PPP strategy,” said the Department of Finance’s (DoF) director-general Abdulrahman Saleh Al Saleh.
The new PPP projects portfolio will cover 10 fundamental economic sectors from 2024 to 2026.
No details were given on the PPP project list.
“PPP projects are a powerful tool for achieving sustainable development and improving the lives of individuals and communities,” said Muna Ahmad Abdulla, director of the capital projects division at DoF.
In 2023, Dubai’s finance department launched DP3, a digital platform for managing PPP projects. The platform offers services across all stages: project identification and evaluation, implementation, and operation commencement.
Source: https://www.agbi.com/construction/2024/03/dubai-approves-nearly-11bn-worth-of-ppp-projects/
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