It includes more than 30 projects in the infrastructure, public transportation, and urban development sectors. The latest projects were announced at the Dubai International PPP Conference being held at Expo 2020, thereby taking the value of both existing and newly announced PPP projects in Dubai to over Dhs65bn.
Abdulrahman Saleh Al Saleh, director general of DoF, said at the conference that the emirate’s government has begun to outline the features for the next stage of innovation in financing vital government projects within the PPP ecosystem. “PPP has become the next global innovative trend for governments around the world seeking to finance their infrastructure and urban development projects,” said Al Saleh.
He added, “DOF will continue to develop and consolidate these foundations in close cooperation with other government entities as well as private sector players who have the necessary capabilities and expertise and are keen to seize the opportunities Dubai has to offer.”
Meanwhile, Abdullah Al Basti, secretary-general of The Executive Council of Dubai, also noted the key reasons as to why the private sector was keen to partner with the public sector on vital projects.
“It is not a coincidence that the private sector has chosen to partner with Dubai. The emirate has topped global indices for creating the most attractive business destinations in the world. It offers a competitive environment that facilitates growth for both regional and global businesses; flights to markets that exceed 5 billion people; and ports that possess a network of shipping lines that connect to various parts of the globe, providing a qualitative logistical advantage. In fact, DP World owns and operates 93 ports, and owns 127 companies across 60 countries worldwide. These key features have all contributed to the emirate’s solid foundation and the reason for which Dubai was ranked amongst the safest cities in the world during the pandemic, and a global reference in reactive and proactive policies that pave the way for greater successes,” said Al Basti. read more in gulfbhttps: