The government of Abu Dhabi plans to bid for public-private partnerships for infrastructure projects worth 10 billion dirhams during the current year 2020.
According to the Emirates News Agency, these bids are part of a partnership initiative launched by the Abu Dhabi Development Accelerators Program tomorrow, 21, which aims to advance development in Abu Dhabi by focusing on the economy, knowledge and societies.
Tomorrow 21 continues to invest in business through this new initiative for public-private partnerships, which will provide an opportunity for the private sector to participate through partnerships with government institutions in developing major infrastructure projects, within various sectors such as social services, municipal and transportation.
The PPP model will support private sector growth, enhance financial sustainability, adopt best implementation practices and achieve best results in the long-term service level.
These tenders come in the wake of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God preserve him, a law in the year 2019 regarding organizing the partnership between the public and private sectors.
In keeping with its vision of attracting and encouraging private sector investment in the emirate, the Abu Dhabi Investment Office will cooperate with government institutions and entities to implement the public-private partnerships model.
"The bids for infrastructure projects that we announced today at a value of 10 billion dirhams are a new step towards affirming our commitment to strengthening our partnership with the private sector and working together to advance the march of economic transformation of Abu Dhabi," said His Excellency Mohamed Ali Mohamed Al-Shurafa Al Hammadi, head of the Abu Dhabi Department of Economic Development. .. We believe in the importance of the role the private sector plays in developing the economy and confirm our commitment to supporting this role as an essential pillar for building a sustainable future.
His Excellency added ... the world is witnessing a transformation from economies dependent on production and natural resources to economies based on investment and knowledge. In Abu Dhabi, Tomorrow 21 will play a major role in achieving this. The program kicks off its second year with an important step aimed at expanding the participation of the private sector in development initiatives. Through this public-private partnerships initiative, the Abu Dhabi government gives the private sector more transparency about the development of major infrastructure projects in Abu Dhabi and the bidding and bidding processes.
The new model of public-private partnerships will provide higher levels of transparency for bidders by providing them with guidance on joint team structures and methods of work between the government and the private sector and detailing the measures needed to ease regulatory requirements with a view to speeding up the bidding process.
The development accelerators program tomorrow 21 will push the growth path in Abu Dhabi to new heights by investing in business ...
