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Infrastructure & PPPs in UAE and Bahrain- Q1 2024 Update

We have covered key developments in PPP and infrastructure across UAE and Baharain in our final insight of Q1 2024. UAE has notified of ambitious PPP project pipeline for infrastructure development, which is bound to attract international investors to take part in this infrastructure growth, including through MoUs and bilateral negotiations.

Read the key developments in Infrastructure and PPPs in UAE and Baharain in our final insight of the Q1 2024 series.


UAE

MASDAR TO BUY 49% STAKE IN IBERDROLA'S EAST ANGLIA 3 WIND FARM

The largest offshore wind project off the east coast of Britain is called East Anglia 3, and Abu Dhabi's Masdar is going to purchase a 49% stake in the Spanish utility Iberdrola (IBE.MC). The acquisition will be worth around  EUR 2 Bn  (USD 2.14 Bn).

Masdar, a renewable energy firm that is partly owned by Mubadala, the sovereign wealth fund of the United Arab Emirates, have already inked an exclusive contract with Iberdrola to build the 476 megawatt (MW) Baltic Eagle offshore wind farm in German seas in the Baltic Sea.

           

UAE ISSUES NEW DECREE TO REGULATE PUBLIC-PRIVATE SECTOR PARTNERSHIPS

In an effort to increase private sector engagement in federal government projects, the Ministry of Finance, in Jan-2024, released a new regulation governing public-private partnerships (PPP) in the United Arab Emirates.

 The law aims to encourage the private sector to participate in developmental and strategic projects, increase investment in federal government projects of social and economic value, and enable the government to efficiently implement strategic projects. The government also intends to benefit from financial and administrative expertise , technical knowledge  and technology solutions available to private sector.

 

DUBAI APPROVES USD 10.9 BN PUBLIC- PRIVATE PARTNERSHIP SPENDING PLAN

Dubai have approved a AED 40bn (USD 10.9bn) in public-private partnership expenditure in an effort to boost the economy. The new Public Private Partnership (PPP) projects portfolio will cover ten fundamental economic sectors.

The new portfolio seeks to stimulate new partnerships and enhance existing ones between the emirate's public and business sector.  The new PPP portfolio will contribute enhancing economic growth and infrastructure development in Dubai. The PPP strategy focuses on continuous consolidation of the regulatory framework in the emirate.

Department of Finance (DOF) have built a comprehensive performance framework (CPF) programme to ensure accurate management of the PPP ecosystem performance.

 

DUBAI TO SCALE EV CHARGING INFRASTRUCTURE THROUGH PPP MODEL

Dubai is planning to scale up Electric Vehicle (EV) charging network under Public-Private Partnership (PPP) model. The Dubai Supreme Council of Energy (DSCE) intends to support private companies in building and installing charging stations in line with the Public Private Partnership (PPP).

There were 49,300 electric and hybrid vehicles in Dubai, and over 390 charging stations had been installed. The recommendations have been made by the council to increase the infrastructure for EV charging stations across the Emirate.

EPC CONTRACTORS SOUGHT FOR DUBAI’ £17BN SEWER TUNNELS PROJECT

 Engineering, procurement and construction (EPC) companies have been invited to prequalify for contracts under a multibillion-pound sewerage tunnels project in Dubai, United Arab Emirates (UAE). The Deep Tunnels Portfolio, a major sewerage tunnel project by Dubai Municipality, will entail building wastewater infrastructure throughout Hatta and Dubai. It will be created as an endeavor involving public-private partnerships (PPPs).

 There will be two sets of deep tunnels constructed as part of the project. These will terminate at two terminal pump stations at the Warsan and Jebel Ali sewage treatment plants (STPs) in Dubai. In Hatta, STPs and a traditional sewage and drainage collecting system will be constructed.  There will be four phases to the project's execution. They will address the Warsan Tunnels and TPS, the Jebel Ali Links, the Jebel Ali Tunnels (South), and the Jebel Ali Tunnels (North).

 

 BAHRAIN

BAHRAIN LAUNCHES 100 MW PV TENDER

A call for bids have been issued by Bahrain's Enterprise Wireless Alliance (EWA) to build a utility-scale photovoltaic facility with a maximum capacity of 100 MW. The project will be situated in the Southern Governorate of the nation, in the Al Dur region. It must be developed turnkey, with an 18-month project execution period starting on the date the tender was awarded.

Bahrain aims to utilize net metering, large-scale project tenders, and a renewable energy mandate for new buildings to bring 255 MW of solar generation capacity online by 2025. By 2030, the monarchy hopes to have 700 MW of wind, solar, and energy-from-waste generation capability.

 

ABOUT YOG INFRA

Our objective is to drive economic growth and make positive social impact through sustainable infrastructure development.

​YOG INFRA is an infrastructure focused financial advisory firm. We work with Developers and Development Finance Institutions (DFIs) and help them make informed investment decisions across infrastructure development lifecycle.

With our offices in Singapore, India and UAE, we work on projects globally, and the team brings strong experience in supporting development of infrastructure projects.


For more information about us, our service offerings and team, please visit www.yoginfra.com Contact us at info@yoginfra.com


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