The Abu Dhabi Investment Office (ADIO) has issued a new Public-Private Partnership (PPP) procurement regulation and released the Partnership Project Guidebook to enhance public and private sector collaboration in the Emirate.
The new act that belongs to Abu Dhabi’s 2019 Public-Private Partnership Law (Law No.2 of 2019) aims to encourage huge private sector investment in the acquisition and delivery of public sector infrastructure assets and services in Abu Dhabi.
The new law brings transparency between the interactions of the private sector and government during the acquisition and development of any PPP project.
Earlier this year the Abu Dhabi Government, as a part of its accelerator program Ghadan 21, announced its plans to acquire nearly $2.7 billion worth of infrastructure partnerships in sectors including education, transport and municipality.
“Efficient and effective collaboration between the public and private sectors is at the heart of Abu Dhabi’s long-term economic strategy. ADIO’s role is to encourage the deployment of private sector expertise, efficiencies and innovation in the emirate’s major infrastructure projects.”
Partnership Project Guidebook
ADIO has also published a Partnership Projects Guidebook, which covers practical and comprehensive steps for the development, acquisition and management of partnership projects in the state to encourage the public and private sector to deliver projects in a timely, efficient and transparent manner.
The guidebook provides details on acquisition procedures and best approaches to enhance the partnerships between public and private sector stakeholders. It will bring ease in doing business with the government by giving the developers, investors and financiers a trusted source of information when assessing, bidding and executing projects.
The Head of ADIO’s Infrastructure Partnerships, Mohamed Al Dhaheri says that by formalizing the PPP regulation ADIO has achieved a huge milestone. This framework will increase their confidence to accelerate the issuance of tenders and the delivery of major projects.
ADIO is the supreme authority responsible for the development and acquisition of all infrastructure projects carried out through a PPP regulation in the Emirate by enhancing the private sector investment.