Abu Dhabi ... Ghadan 21 is driving the emirate’s development.
Abu Dhabi eyes $2.72bn PPP projects
01 March 2020
The Abu Dhabi government has announced its intention to procure approximately Dh10 billion ($2.72 billion) of infrastructure projects this year under its public-private partnership (PPP) model in a range of sectors across the emirate.
The tenders are part of an initiative dedicated to PPPs by the Ghadan 21 accelerator programme, which focuses on economy, knowledge and community development across Abu Dhabi, said the Abu Dhabi Department of Economic Development (ADDED).
As it continues to invest in business, Ghadan 21 will help the private sector, through this PPP initiative, to participate in partnerships with government entities in the development of major infrastructure projects, it stated. The Dh50-billion Ghadan 21 is driving Abu Dhabi’s development through investment in business, innovation and people.
The three-year programme was envisioned and approved by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council.
These projects will span sectors such as social, municipal and transportation. The use of the PPP model supports the growth of the private sector, enhances financial sustainability, and facilitates better execution and service outcomes over the long term, said the ADDED.
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