UAE acts as an enabler for PPP investments across the region, with certain emirates like Abu Shabi developing a good pipleine of infrastructure proejcts across urban infra and social infra sectors. BAHARAIN has earmarked funds for a proposed pipeline of infrastructure projects primarily focussing on roadways and sections thereof, some of which may be developed as PPP like the proposed King Hamad Causeway.
Read the key developments in Infrastructure and PPPs in UAE & Bahrain in our latest Q2 2023 insight.
UAE
MASDAR SUBMITS LOWEST OFFER FOR 1.8 GW DUBAI SOLAR
Renewables investor Masdar has submitted the lowest bid for the 1.8 GW sixth phase of Dubai's Mohammed bin Rashid AlMaktoum solar project in the United Arab Emirates. Masdar offered to sell electricity at USD 16.21 per MWh.
Dubai Electricity and Water Authority (DEWA) received another bid from Saudi energy giant ACWA Power, without revealing details of its bid. The project, expected to require around USD 600 Mn of investment, is expected to become operational from the final quarter of 2024.
KHALIFA UNIVERSITY STUDENT ACCOMMODATION PPP PROJECT
The Abu Dhabi Investment Office (ADIO), in collaboration with Khalifa University (KU), has launched a tender to deliver new accommodation and associated facilities for 3,250 students in the UAE capital. This is Abu Dhabi’s latest PPP tender which will be delivered through the emirate’s proven and efficient PPP framework for expanding the role of the private sector in delivering public sector infrastructure and services.
PHASE 2 OF ABU DHABI'S LED ROAD LIGHTING PPP TENDER REACHES FINANCIAL CLOSE
The Abu Dhabi Investment Office (ADIO), in collaboration with the Department of Municipalities and Transport (DMT), announced that Phase 2 of the emirate's energy-efficient Road Lighting LED public-private partnership (PPP) project has reached financial close. Nojoom, a 50-50 joint venture between EDF and ENGIE, was selected to deliver this key infrastructure project in the UAE capital.
The project includes the finance, supply, installation, operation and maintenance of 133,473 LED energy-efficient luminaires in the Emirate of Abu Dhabi. Over the 12-year concession period, it will result in almost 2,400 Mn kWh of electricity savings, approximately equivalent to a 74 percent reduction in power consumption. With financial close reached, work will now commence.
BAHARAIN
BAHRAIN ALLOCATES USD 29.5 MN TO INFRASTRUCTURE PROJECTS
Bahrain has recently allocated BD 11.2 Mn (USD 29.5 Mn) to 9 infrastructure projects, with the majority of the funds being allocated to the roads sector. The kingdom’s Tender Board has awarded 4 roads projects worth BD 9.60 Mn. These projects primarily focus on the maintenance works of key roadways, including the Shaikh Khalifa bin Salman Causeway, South Bahrain Ring Road – Phase Two (involving a tunnel), and the 27th Street and 79th Road Development Project in Saar. These initiatives aim to enhance the condition and functionality of Bahrain’s road network, ensuring smoother transportation for residents and supporting economic growth.
SEWAGE UPGRADES TO IMPROVE PUBLIC SERVICES
Tender Board awarded projects worth BD 1.57 Mn (USD 4.16 Mn) for sewage infrastructure upgrades. These initiatives involve the enhancement of several key sewage networks across Bahrain, aiming to improve the efficiency and capacity of the sewage system. By upgrading these networks, the government aims to provide better public services, address environmental concerns, and enhance the overall quality of life for citizens.
These projects were awarded as part of the ministry’s ongoing efforts to develop public services and upgrade the country’s infrastructure. Furthermore, bids have been invited for 8 additional projects, estimated to cost a total of BD 10.87 Mn. These upcoming projects will further contribute to the ongoing infrastructure development efforts in Bahrain. They encompass a range of sectors and aim to address various infrastructure needs across the kingdom.
BAHRAIN METRO FIRST PHASE DETAILS EMERGE
The first phase of the project will be tendered as a Public Private Partnership (PPP) with a contract period of 35 years on design, build, finance, operate, maintain, and transfer (DBFOMT). The project is crucial for the transportation network and aimed to ease traffic congestion and further protect the environment.
7 consortiums have qualified, and the tender for the selected developer will be granted after strict scrutiny and approvals from government entities.
NEW SAUDI-BAHRAIN CAUSEWAY SET TO RE-SHAPE TRANSPORTATION HORIZONS
The ongoing discussions surrounding the tendering process for the King Hamad Causeway have set the stage for a groundbreaking project that aims to connect Bahrain to the GCC Railway while complementing the existing King Fahd Causeway between Saudi Arabia and Bahrain.
There is an understanding between both countries that the King Hamad Causeway would be implemented as a public-private partnership (PPP) based on the success of the existing King Fahd Causeway, which has witnessed continuous traffic growth between 5-6 per cent annually, and studies that have validated the new causeway’s financial viability and economically feasibility.
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