Introduction to Public Private Partnership in Dubai
This course is designed as an introduction to PPP in general, and as it applies in Dubai.
There is no set internationally recognised definition of PPP, but it is generally recognised as being a contractual relationship which brings together the public and private sectors to procure large scale public projects, generally infrastructure projects. It allows the public sector to harness the efficiencies and the technical and financial capabilities of the private sector. PPP also allows the public sector to achieve large scale public projects without having to fund them up front; the private sector procures funding and recovers its costs through payments made during the operational phase. Four phases can be identified:
1. Project definition and design;
2. Capital funding of the project;
3. Building and fitting out the project;
4. Operating and maintaining the project.
There are various procurement routes available, whether by management or service contracts, or by variations on the Build, Operate, Transfer theme.
Dubai Law No. 22 of 2015 Regulating Partnerships Between the Public and Private Sectors became law on 19 November 2015 and sets out the permitted structures for PPP in Dubai. The Dubai Government recognizes various approaches to financing, pre-qualification and tendering for the project, and the Department of Finance Guidelines endeavour to apply international best practice for achieving successful PPP projects.
The course will be divided into four sections:
1. Why PPP? What are the benefits?
2. Procurement Routes.
3. Payment Options.
4. PPP in Dubai.
Additional material will be provided to attendees on the day and all attendees will be encouraged to contribute to the session from their own experience and knowledge.