The Dubai Municipality has recently launched a platform to promote investment-related opportunities in the private sector. The project has been valued at Dh 576 million. The initiative aims to attract investments from the private sector.
This platform is enabling the private sector to collaborate with the Government of Dubai for building the social and economic infrastructure in the country.
The Dubai Government Media Office has confirmed that this platform streamlines the procedural formalities for scrutinizing and accepting the proposals submitted by private players. It helps to ensure transparency and accountability in undertaking governmental functions.
This Initiative aims to raise Dubai’s ranking among the world’s top cities in terms of economic strength.
The Dubai Government is looking forward to seeking the participation of the private sector in the development of Dubai. Therefore, through his platform, the Government will enhance awareness about the available investment opportunities for the private sector. This platform makes it convenient to accept and review proposals.
Najib Mohammed Saleh, the Director of the Commercial Affairs and Investment Department at Dubai Municipality acknowledged the role and contribution of the private sector in holistically tapping its resources to the best of their efficiency.
This platform will comprehensively allow private investors to evaluate every opportunity and accordingly apply for the same.
This platform is likely to improve the ease of doing business in Dubai. In addition, it will also promote strategic partnerships between the public and private sectors that will ultimately contribute to the gross domestic product of the country.
This innovative platform has been exclusively created in order to allow private players to discover the latest opportunities to invest at. The private players can now evaluate the projects and accordingly submit their proposals to associate with the Dubai Municipality for the completion of the project.
The platform accepts the submitted proposals and ensures the execution and signing of the contracts. The Government of Dubai wants to encourage the private sector to come forward and reap these profitable projects by undertaking a project along with the public sector.
This initiative is in line with the broader objectives to fulfill the targets of the Dubai Economic Agenda D33 so as to enable Dubai to emerge as the global capital of the digital economy.
The platform offers enough tools for investors to study the investment plans proposed by the Government and apply for the same. This project has been launched for a period of 10 years in order to strengthen the economic capacity of the country.
The program aims to assist around 30 private companies by raising their valuation beyond USD 1 billion. The platform will make it feasible to conform to the procedural formalities with ease. The parties can renew their contracts immediately and hence, the possibilities of disruption in the performance of the contract can be mitigated.
The Dubai Municipality has been restructured by the Dubai Government. Therefore, investment opportunities worth Dh 10 billion have come into being through the launch of the four new institutions. These institutions develop opportunities for investment in the protection of the environment, waste management, facilities management, and building licensing.
The platform is an open-source platform. It is equally accessible to both domestic and foreign investors. These investors can monitor the implementation of the projects and complete the documentation digitally. Investment has never been so easy in Dubai.
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The Government of Dubai is heading towards the integration of innovative and technical solutions with governance in order to boost the efficiency of its services. For this, the Government is encouraging young entrepreneurs to come forward and participate in the growth of the nation. These young minds are the true assets of the Emirates.
They are expected to play a dual role in the development of the nation. The youth will be both the leader and the innovator. The President of Dubai envisions maximizing the yield through the efficient utilization of resources. the adoption of technology is the best way to materialize this objective.
This platform is an easy-to-access forum for investors. The investors would be in a better position to evaluate the existing opportunities and take the first mover advantage. The Government of Dubai wants to steer growth through the joint efforts of the public and private sectors.
This association with the Government will allow the private players to improve their performance and therefore become a unicorn. The combined efforts would be able to boost the return of the projects and the at the same time, will increase the valuation of the private players so that they can easily compete with other strategic players in the market. This move is likely to benefit various key players.