The government of Dubai’s Department of Finance (DOF) has approved a portfolio of public-private partnership (PPP) projects valued at Dh40bn ($10.9bn).
The new portfolio aims to further enrich cooperation and inspire new collaborations between the public and private sectors in Dubai. It is set to over 10 fundamental economic sectors over a three-year period (2024-2026).
“The ambitious vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is for Dubai to become a strong, vibrant hub for global economic development and a platform for emerging sectors,” said Abdulrahman Saleh Al Saleh, DOF Director-General.
“This vision enabled DOF 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.”
The CPF programme for managing the PPP ecosystem performance revolves around five strategic objectives – ensuring compliance with the Public-Private Partnership Law, encouraging government entities to adopt the PPP model; encouraging private sector participation in public sector projects; stimulating innovation in project financing, development and operation; and pushing towards the adoption of environment, social and governance practices in the PPP ecosystem.
“Over a three-year period, from 2024-2026, the new PPP projects portfolio will cover ten fundamental economic sectors,” said Arif Abdulrahman Ahli, Executive Director of the Planning and General Budget Sector at DOF. “It will contribute to enhancing economic growth and infrastructure development in Dubai.”
In 2023, DOF launched a digital platform for managing projects within the PPP ecosystem.
Dubbed DP3, the newly launched digital platform specialises in managing partnership projects implemented under the PPP framework across all stages, namely project identification and evaluation, implementation, and commencing of operations.
