Dubai launches PPP unit and 2019-2021 PPP strategic plan
Dubai Department of Finance has launched its new public-private partnership (PPP) unit.
The new unit seeks to encourage the development of projects and initiatives that can be funded by global infrastructure investors.
The Executive Council of Dubai has recently approved the Public-Private Partnership strategic plan and related initiatives for 2019–2021, which was presented by the Department of Finance.
Director-General of Dubai's Department of Finance Abdulrahman Saleh Al Saleh said: "We are continuously aspiring to enhance the financial sustainability of the public sector and provide a stimulus for economic growth in the Emirate of Dubai. In line with these aspirations, DoF is placing a key focus on Public-Private Partnerships, PPPs, aiming to leverage local and international private sector expertise, efficiency, and innovation."
Al Saleh expects that the private sector will engage in projects and initiatives with the government worth tens of billions of dirhams within the next few years, pointing out that companies are aware of the benefits that can be achieved in infrastructure development projects through a public-private partnership.
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