Dubai Law No. 22 of 2015 in respect of the regulation of public-private partnerships (“PPP”) in the Emirate of Dubai came into force on 19 November 2015 (the “Dubai PPP Law”).
PPPs are not new arrangements to Dubai, having been successfully implemented in various sectors over the years, but these have been, in large part, implemented on an ad hoc basis.
However, with the introduction of the Dubai PPP Law, a legal framework now exists to regulate PPPs across various sectors. This should in turn increase investors’ and financial institutions’ confidence in Dubai’s legal and regulatory system in respect of infrastructure projects. In so doing, it is very likely that the number of PPP opportunities will increase along with the quality and quantity of projects that can be delivered to meet Dubai’s demand growth and achieve the goals of UAE Vision 2021.
Some of the key features of the long-awaited Dubai PPP Law are highlighted in the report