Public Private Partnerships
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Public Private Partnerships (PPP)

PPP Law:

Dubai's ambitious strategic vision is underpinned by the need to continue making large scale investments in both social and economic infrastructure. This results in ever increasing budgetary demands both in terms of funding and financing. It is recognised both within the Dubai government and in the wider capital markets that Dubai will have to continue to evolve  innovate  and reform the manner in which these large financial commitments are funded through alternative financing structures.

Alternative financing can also serve as a catalyst and a conduit for the attainment of additional strategic imperatives such as economic diversification  foreign direct investment  encouragement of local entrepreneurship and industry  and the pursuit of sustainable economic growth that is both guarded against volatility and is not resource-intensive.

All of the above necessitates the leveraging of local and international private sector expertise  efficiency, and innovation. To this end  the Dubai government issued Law No. 22 in 2015 (the 'PPP Law') to provide a legal framework for government agencies to enter into Partnership Contracts with the private sector.

PPP Unit:

The Department of Finance ('DOF') is continuously aspiring to enhance financial sustainability of the public sector and provide stimulus for economic growth in the Emirate of Dubai. Developing and maintaining a sustainable  reliable and high quality infrastructure is the key to success of any city. In line with these aspirations  the PPP Unit has been established at DOF  which is responsible for:

  1. Driving the policy to formulate the objectives and the relevant PPP policies for governmental entities.
  2. Developing and distributing guidelines and toolkits to the Contracting Authorities to enable standardised processes.
  3. Providing final approval of the business case for projects as defined in the PPP Law No. 22 2015.
  4. Supporting the relevant Contracting Authorities during the phases of project identification  preparation  procurement  contract negotiations & awarding, execution (including financial close) and monitoring & evaluation.

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