Dubai's public private partnership landscape in focus
DUBAI, February 4, 2016
Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED) in Dubai, is set to issue a report to evaluate the public private partnership (PPP) landscape in the emirate from a foreign direct investment (FDI) perspective, according to a report.
The report titled 'Adopting the Public Private Partnerships Model and its role in attracting Foreign Director Investment' will be issued jointly with the multinational professional services firm PwC, said the Emirates News Agency (WAM) report.
It will set the framework for PPP from an FDI perspective and highlight a few examples of best practice scenarios and the impact of the Law No 25 for 2015 on attracting investors for PPP projects in Dubai.
Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, issued Law No.22 for 2015 for partnership between the public and private sectors in August last year.
The law is seen as clear indication of Dubai’s commitment to collaborative economic development between the government and private investors.
Dubai FDI will continue to provide investors with the insight and analysis needed to make informed decisions through initiatives such as the Dubai Investment Forum (DIF) and partnerships with leading businesses and consulting firms, Fahad Al Gargawi, chief executive officer, Dubai FDI, was quoted as saying.
The new law has laid down terms and conditions for the public and private sectors to work together on economically, financially, technologically and socially feasible projects, said the report.
The report will identify and highlight PPP projects with due emphasis on their feasibility in terms of attracting the global investor community and in accelerating economic diversification, knowledge transfer and job creation, it added.
