Abstract

A new law creating the legal framework for public–private partnerships in Dubai was issued by the Dubai government on 20 September 2015. It came into force in November 2015 and may well change the legal and financial structure of major projects across the Emirate. This is part of a growing trend in Gulf Cooperation Council (GCC) countries towards public–private partnership (PPP) structures as economies that have traditionally been dependent on oil revenue are looking to ensure greater economic productivity and diversification coupled with a more efficient management of risk. In this article the provisions of the new PPP law in Dubai and also the current PPP trends across the GCC region are considered in detail.

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