UAE News Today : Politics

RTA supports AED 2.5 billion investment portfolio including 10 projects in partnership with the private sector

The Dubai Roads and Transport Authority (RTA) has endorsed the ‘Dubai Portfolio for Public-Private Partnerships (PPPs) (2024-2026)’, covering 10 projects with an estimated value of AED 2.5 billion.

The move is in line with the Dubai government’s strategy to foster public-private partnerships aimed at boosting the emirate’s economic growth by expanding the role of the private sector in infrastructure development and service delivery.

His Excellency Mattar Al Tayer, Director General, Chairman of the Executive Board of Directors, RTAsaying,

“The support of the public-private partnership portfolio arises from RTA’s commitment to enhance partnership with the private sector and adopt international best practices. It seeks to outline a comprehensive framework to support public-private partnerships, improve the regulatory environment for long-term collaborations, introduce innovative solutions and create new opportunities in the fields of mobility and finance.

“RTA has a track record of pioneering experiences in the construction of various infrastructure projects in the fields of highways and transportation. Prominent among them is the project to establish three comprehensive truck rest stops, along with 16 truck rest areas strategically located throughout the emirate. The project is the first of its kind in the region.

“The list of renowned projects undertaken with the private sector includes an integrated bicycle network known as ‘Careem Bike Share’. Supported RTA’s efforts to improve the integration of multimodal mobility means by facilitating individual mobility trips and seamlessly connecting them to public transportation options. The project contributes to sustainability in Dubai and encourages an active and healthy lifestyle among residents and tourists by offering alternative transportation options and improving movement within communities.

“Other key partnership projects undertaken with the private sector include the logistics transport platform project and securing international operators through partnership contracts for RTA assets highlighted by the contract for the operation and maintenance of the Metro and Tram of “Dubai”.

Key projects

Al-Tayer detailed the projects listed in Dubai’s Public-Private Partnership Portfolio that present genuine opportunities for entities and companies.

“Among them is the ‘Union 71’ project, a comprehensive residential and commercial complex adjacent to Dubai Metro’s Union Station, a key interchange station between the Red and Green Lines. This transit-oriented urban development project integrates commercial and residential units and retail outlets with the underground metro station. With its proximity and accessibility to subways, public buses and maritime transportation stations, the project will facilitate the mobility of public transportation users from all spectrums of the community.

“The portfolio also comprises a multi-level parking terminal in Port Saeed and Al Karama, Deira Plaza; smart street lighting; air taxi; intelligent platforms for transport and rental vehicles; housing for drivers in Al Khawaneej, Al Ruwayah, Al Awir and Jebel Ali; improve commercial development at Al Karama Bus Station; and a Sky Garden suspension bridge over Dubai Creek.

“Promoting public-private partnership (PPP) is crucial to raising Dubai’s position and attractiveness as an investor hub. It also contributes to improving the quality of public services and facilitates the transfer of knowledge, experience and innovation from the private sector to the the public sector”,

concluded Al Tayer.

News source: Dubai Press Office

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