Dubai's Roads and Transport Authority (RTA) has introduced the 'Dubai Portfolio for Public-Private Partnership (PPP) (2024-2026),' consisting of 10 projects valued at approximately Dhs 2.5 billion. This initiative aligns with the Dubai Government's strategy to enhance economic growth by leveraging public-private partnerships, thereby increasing the private sector's involvement in infrastructure development and service delivery.
The investment roadmap spanning from 2024 to 2026 will feature key additions, including the implementation of an integrated bicycle network named Careem Bike Share, the establishment of three rest stops, the creation of 16 lay-bys for lorries, and the development of new multi-level parking areas.
His Excellency Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors, RTA, said, “The endorsement of the Public-Private Partnership Portfolio stems from RTA’s commitment to enhancing partnership with the private sector and adopting top international practices. It seeks to map out a comprehensive framework to support public-private partnerships, improve the regulatory environment for long-term collaborations, introduce innovative solutions, and create new opportunities in the mobility and finance fields."
In addition to this, the RTA has unveiled the 'Union 71' project, a comprehensive complex for both residential and commercial purposes located next to the Union Station of the Dubai Metro, a crucial interchange station linking the Red and Green Lines.
This transit-oriented development seamlessly combines commercial and residential units along with retail outlets, all integrated with the underground metro station. Positioned for convenience, with easy access to the metro, public buses, and marine transport stations, the project aims to enhance and simplify the commuting experience for various segments of the community.
The development projects also include a multi-level parking terminal in Port Saeed and Al Karama, Deira Plaza; intelligent street lighting; aerial taxi services; smart platforms for transport and rental vehicles; residential quarters for drivers in Al Khawaneej, Al Ruwayah, Al Awir, and Jebel Ali; enhancements to the commercial development at Al Karama Bus Station; and the construction of a suspended sky garden bridge over Dubai Creek.