Skip to content Skip to Search
Skip navigation

Dubai approves PPP projects worth nearly $11bn

By Pramod Kumar
Dubai's new PPP projects portfolio will cover 10 fundamental economic sectors from 2024 to 2026 Unsplash.com/ZQ Lee
Dubai's new PPP projects portfolio will cover 10 fundamental economic sectors from 2024 to 2026

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.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

“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. 

Latest articles

The National Bank of Bahrain says its bitcoin fund will protect investors from losses

Bahraini bank launches Gulf’s first bitcoin investment fund

The National Bank of Bahrain has launched a bitcoin-pegged structured investment product, aimed at targeting growing demand for the cryptocurrency among institutional investors in the Gulf countries.  The fund, developed in partnership with digital asset firm ARP Digital, will offer investors access to any rise in bitcoin’s price, capped within a predetermined threshold, and guarantee […]

The UAE has approved its largest-ever national budget for the fiscal year 2025, with spending set to hit AED 71.5 billion

UAE announces largest-ever budget for 2025

The UAE has approved its largest-ever national budget for the fiscal year 2025, with spending set to hit AED71.5 billion ($19.5 billion), after capital expenditure increased by nearly half in the early part of this year. The government expects to match the 2025 expenditure with AED71.5 billion in revenues over the same period. Social Development […]

chicken exports

Gulf’s taste for chicken boosts Brazilian exports

Saudi Arabia and the UAE has helped Brazil record the second-highest volume of chicken meat exports in a single month. Shipments of chicken from Brazil in September increased 17.6 percent to the United Arab Emirates and 5.9 percent to Saudi Arabia. Brazil, the world’s largest supplier of chicken meat, exported 485,000 tonnes in total last […]

Saudi-backed US luxury electric vehicle maker Lucid exceeded market expectations in Q3, delivering 24 percent more cars than forecast

Lucid beats latest delivery expectations

Saudi-backed US luxury electric vehicle maker Lucid has exceeded market expectations for its third quarter, delivering 24 percent more cars than had been forecast.  Analysts cited discounts and more favourable finance options as reasons for the sharp increase.  Lucid delivered 2,781 vehicles in Q3, ahead of estimates of 2,242, according to analysts polled by Visible […]