DUBAI,Sep 27 (WAM) – Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the United Arab Emirates (UAE) Roads and Transport Authority (RTA), inaugurated yesterday the Emirati-France Business Summit, which is being held by the RTA, in collaboration with the French Business Council.
The event attracted the participation of 63 Emirati and French entities. The Dubai Government is keen to foster an investment climate to encourage the private sector to take part in the development projects and inject more investment in a variety of fields. For this purpose, Law No 22/2015 was issued to regulate the partnership between the public and private sectors in Dubai. The RTA has charted out a comprehensive PPP policy and rolled out a process to review and undertake such projects, as well as set the scope for jobs to serve as a reference for preparing and implementing the PPP projects. Currently, 19 French companies have been qualified by the RTA, and the French firms have delivered contracts worth more than AED17 billion (USD4.6 billion). Among the key projects undertaken by the French companies is the development of the Dubai Tram. Spearheaded by French firm Alstom, Expolink Consortium is undertaking Route 2020 project to extend the Red Line of Dubai Metro to the site of World Expo. (WAM) (END/2017)
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