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‘New Dubai law to foster public-private partnerships for infrastructure funding’


Dubai has passed a law to encourage public-private partnerships to fund infrastructure projects. It aims “to encourage the...


Dubai has passed a law to encourage public-private partnerships to fund infrastructure projects. It aims “to encourage the private sector to participate in development projects, and increase investment”, according to a government statement. It is in an effort to reduce the financing demands on the government, facilitate the transfer of knowledge between public and private sectors, and “to serve the economic and social development” of Dubai by boosting investment. Dubai’s government has a slew of mega-projects lined up, but its government-related entities are indebted, and have limited capacity to fund new projects.

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The National, Gulf News, Khaleej Times, Arabian Business, Emirates 24-7, Gulf Today


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