Details

In 2015, the state government of Dubai enacted Law No 22 on Public Private Partnerships to leverage economic development through sustainable development projects. In so doing, Dubai modelled international best practices and entered into PPPs which  attracted private capital investment, supplemented public resources in a post oil economy, created employment opportunities and increased efficiency and accountability in numerous sectors. As a result of these PPPs, public provisions have seen remarkable reforms and diversification.  The Department of Finance (DoF), which overseas PPPs in Dubai, clearly articulated the importance of this model for national and regional development in the 2016 edition of the PPP guidebook, which they developed.