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39 PPPs up for grabs in Dubai: The Dubai government’s Department of Finance will offer up 39 projects worth AED 40 bn as public-private partnership projects (PPPs), Wam reported yesterday, citing Arif Abdulrahman Ahli, the executive Director of the budget and planning division. Slated for development over the next three years, the PPPs will span ten sectors, including water and sanitation, waste management, housing, healthcare, and public transportation, geared towards improving the quality of life in the emirate, Ahli said.
Background: Last March, Dubai greenlit the AED 40 bn PPP projects, covering “ten fundamental economic sectors.” The projects received approval during the first meeting of Dubai Executive Council since its re-establishment.
The breakdown:
- Some AED 25.5 bn of the projects will be focused on the water and sanitation sector;
- AED 5.3 bn of the projects will be in the waste management sector;
- Projects for the arts and culture sector will have a budget of AED 2.8 bn;
- AED 2.3 bn has been earmarked for housing projects;
- AED 1.5 bn was earmarked for the healthcare sector;
- Public transportation and urban development will have a total budget of AED 1.5 bn;
- AED 648 mn will be allocated to roads and parking facilities;
- and AED 540 mn will go towards public amenities, gardens, and services.
DP3 to oversee the projects: The department has set up a platform for tracking and managing the PPP projects, dubbed DP3. The platform will monitor the progress of the projects from initial planning and scheduling to their completion and the commencement of operations, Ahli said.
