UAE infrastructure developments 'turn to PPP model'

30/11/2010 - Dubai Property News
UAE infrastructure developments 'turn to PPP model'

Posted by Bob Brunskill

The UAE is increasingly adopting the Public Private Partnership (PPP) model in its massive and rapidly growing infrastructure developments, it has been claimed.

Marcus Evans, a company specialising in business events around the world, noted that the total contracts and tenders completed last year in Abu Dhabi Municipality were 208 at a total value of AED 2.5 billion.

"With these in mind, Abu Dhabi will become the gathering point for industry professionals and experts involved in PPP projects to address issues and looking at strategic coalition between government and private sectors," added the firm in reference to one of its upcoming conferences next year.

The 2nd Annual Middle East Public Private Partnership Conference 2011 will take place on February 6th-7th at the Sheraton Abu Dhabi Hotel & Resort and will, according to Marcus Evans, provide "a clear outlook" for supporting and expanding the PPP market in the region.

The news comes after the first Real Estate Investment Trust (REIT) was launched in Dubai last week as a joint venture between Dubai Islamic Bank (DIB) and Eiffel Management, a pioneer of REITs in France.ADNFCR-2019-ID-800263956-ADNFCR