Fifth of Dubai Budget for infra

Over one fifth of Dubai’s expenditure for 2018 will be dedicated to infrastructure investment, the emirate’s Budget has confirmed.

Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved the government of Dubai’s 2018 Budget, which sees infrastructure spending make up 21% of total expenditure of $15.4bn.

As well as providing investment for major infrastructure projects such as Expo 2020, the Budget pledges investment for a wide range of schemes and it is anticipated that Dubai’s PPP law will also help deliver new investment.

“Over the coming years, this law will contribute to the implementation of some public projects in partnership with the private sector, which will enhance creativity and innovation, further raise the government's performance levels, enhance government efficiency, and enhance transparency,” the government said.

Dubai signed its first PPP project in May last year.