Published On Apr 30, 2024
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, has approved a portfolio of public-private partnership (PPP) projects of the Dubai government valued at AED40 billion ($10.9 billion).
Announced during the first meeting of the executive council since its reconstitution, the new PPP portfolio will cover 10 fundamental economic sectors over a three-year period (2024-2026).
The new portfolio aims to further enrich cooperation and inspire new collaborations between the public and private sectors in the emirate.
Abdulrahman Saleh Al Saleh, director-general of the Department of Finance, said: “Launching an abundant, strong portfolio of projects is a fundamental pillar of the government’s PPP strategy, and we are ready to benefit from the success achieved in the previous stages of developing the PPP ecosystem and continue to innovate in financing vital government projects.”
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