Dubai Municipality has introduced a new online platform to facilitate collaborative investment prospects for the private sector, amounting to approximately $156.9 million (AED 576.3 million).
The platform enables private sector investors to propose joint projects with Dubai Municipality or take advantage of existing collaborative investment opportunities. It streamlines and provides a transparent channel for the assessment and endorsement of ideas and proposals, saving investors time and effort.
This initiative is part of Dubai Municipality’s continued efforts to improve its processes and offer a unified window for scoping and developing partnerships with the private sector. The platform contributes to efficient management of financial resources and assets and promotes sustainable development in the emirate.
The online platform facilitates the submission of proposals, evaluation of opportunities, approvals, and signing of contracts, efficiently managing all aspects of the investment process. It also provides investors with the tools necessary to assess investment opportunities proposed by Dubai Municipality, suggest new investments, and apply for them. The platform features an electronic system that enables both local and foreign investors to monitor the implementation and documentation of the investment process.
The platform simplifies governance procedures for the various organisational units and committees involved in the investment process. It generates reports on investment opportunities and revenues, provides up-to-date data that supports decision-makers, and helps Dubai Municipality maximise yields and revenues.
The platform is accessible on Dubai Municipality’s website and is open to investors from the UAE and overseas, providing opportunities for private sector investors, particularly young entrepreneurs, to develop their projects and ideas and take advantage of the Municipality’s attractive investment avenues.
