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Dubai government announces $6.8 billion joint ventures

The Dubai government has announced joint projects between the public and private sectors, worth $6.8 billion (25 billion dirhams).

The government will launch a diversified portfolio of joint projects, under the supervision of the Dubai Government’s Finance Department, under the umbrella of Expo 2020.

The current diversified portfolio is the first project hosted by the government in the field of public-private partnership.

Dubai government

The investments announced during the conference include seven urban development projects worth 22.58 billion dirhams, 14 roads and transport projects worth 2.39 billion dirhams, and eight health and safety projects worth 526 million dirhams.

The conference announced the joint project, which will last for two days, and will review the opportunities and challenges facing project financing through the public-private partnership system.

Joint projects have become of great importance in bridging the gap facing the development of infrastructure in the emirate.

It is expected that the conference will constitute a golden opportunity to stimulate dialogue between decision makers in the public and private sectors regarding partnership opportunities available between the two sectors, and to promote innovative financing methods for partnership projects among local and international investors.

Decision-makers and officials in ministries, government agencies, banks, and local and international companies working in the fields of investment, contracting, consultancy and infrastructure development are looking forward to this conference.

It will shed light on global and regional opportunities and challenges in the field of investment and financing of vital projects, and demonstrate the importance of the role played by the public-private partnership in achieving sustainability in project financing.

Expo Dubai

Dubai will host the Expo 2020 Dubai exhibition with an expenditure of $7 billion, which opens on Friday with the participation of exhibitors from nearly 190 countries, after it was postponed for a year due to the Coronavirus pandemic.

The Emirate of Dubai more than ever needs the desired economic activity from the world trade fair, but it will have to deal with the restrictions of Covid-19 that still exist.

It may also deal with the reluctance of some to travel, as Dubai still officially expects to receive 25 million visitors, which is more than the visitors to “Expo Milan 2015”, and more than twice the population of the United Arab Emirates.

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