Dubai’s new public-private partnership projects portfolio will cover 10 fundamental economic sectors over a three-year period.
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.
The ambitious vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, is for Dubai to become a strong, vibrant hub for global economic development and a platform for emerging sectors. This vision enabled the department to identify the best opportunities in the most active economic sectors and to create a portfolio worth Dh40 billion of government projects that can be financed, implemented and operated according to the PPP model. Launching an abundant, strong portfolio of projects is a fundamental pillar of the government’s PPP strategy, and we are ready to benefit from the success achieved in the previous stages of developing the PPP ecosystem and continue to innovate in financing vital government projects.
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.
