{"id":90327,"date":"2024-03-22T00:00:00","date_gmt":"2024-03-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-approves-aed-40-bn-ppps\/"},"modified":"2024-03-22T00:00:00","modified_gmt":"2024-03-22T00:00:00","slug":"dubai-approves-aed-40-bn-ppps","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/","title":{"rendered":"Dubai approves AED 40 bn PPPs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy FRIDAY.<font face=\"Arial\">&nbsp;<\/font><\/strong>We have a pretty busy issue to close out a busy week of news, and the dominant theme of the day? IPOs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">We have news of a <strong>strong DFM debut from Dubai\u2019s Parkin<\/strong>, <strong>LuLu Group <\/strong>pursuing plans for a potential <strong>USD 2 bn IPO<\/strong> on the ADX, and <strong>IHC subsidiary 2PointZero <\/strong>looking to tap the Abu Dhabi bourse. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORNING MUST READ- Our first interview for our weekly My Morning Routine column at the bottom of the newsletter<\/strong>, where we look at how a successful member of the community starts their day \u2014 while throwing in a couple of random business questions just for fun. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For our special Ramadan edition, we also check in on how they adjust to Ramadan<\/strong> and what they look forward to in the holy month. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat?<\/strong> Maghrib is at 6:34pm in Dubai, and 6:37pm in Abu Dhabi. Fajr prayers are at 5:02am in Dubai and 5:07am in Abu Dhabi.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Islamic Bank (ADIB) customers have an extra month to pay off their persona<\/strong><strong>l finance installments <\/strong>without fees or extra charges after the bank offered a grace period during Ramadan, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/pages\/news_details.aspx?id=466\" style=\"\" rel=\"noopener\">statement<\/a>. Customers can push their payments via ADIB\u2019s mobile app.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Dubai has approved AED 40 bn worth of public-private partnership projects (PPPs) <\/strong>for the next three years as part of its PPP strategy in its first Dubai Executive Council meeting since it was reestablished, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/march\/21-03\/hamdan-bin-mohammed-approves-aed40-billion-worth-of-projects\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The PPPs cover \u201cten fundamental economic sectors,\u201d the statement says, without disclosing further details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A framework to track PPP success: <\/strong>Dubai\u2019s Finance Department has built a program to track and oversee the management of PPPs, executive director of the planning and general budget sector at the department, Arif Abdulrahman Ahli, said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai will establish a new Environment and Climate Change Authority<\/strong>, with the goal of \u201c[promoting] sustainable practices across sectors, [preserving] biodiversity, and [expanding] natural reserves and green spaces,\u201d under new directives from Dubai Ruler Sheikh Mohamed bin Rashid Al Maktoum, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b297vj3-mohammed-bin-rashid-directs-establishing-dubai\" style=\"\" rel=\"noopener\">reports Wam<\/a>. The authority will be tasked to help develop policies to mitigate climate change and boost food security, Wam said. Ahmed Mohammed bin Thani was appointed to head the authority as director-general. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#3-<\/strong><strong> Abu Dhabi-backed RedBird IMI\u2019s takeover bid of the Telegraph is set to fall through after the UK <\/strong><strong>published amendments to its legislation <\/strong>that effectively block foreign state ownership of media platforms in the country, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e45fb0cd-5062-4366-845a-f21aa8a7bcda\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. This follows UK Culture Secretary Lucy Frazer\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/65893d0e-0628-42ff-9dd3-44ae0c847d14\/it%25e2%2580%2599s-the-first-day-of-spring-%2B%253cmark%253e-redbird-%253c%2Fmark%253eimi%25e2%2580%2599s-telegraph-takeover-bid-faces-months-long-probe\" style=\"\" rel=\"noopener\">decision<\/a> to refer the acquisition to an in-depth, months-long probe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sale could soon be on the cards: <\/strong>British newspaper publisher National World has \u201crenewed\u201d plans to acquire the magazine after the RedBird IMI bid fell through, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-21\/national-world-eyes-telegraph-as-uae-backed-deal-falters\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. RedBird IMI has reportedly been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae64c3e8-98fa-4c8f-85b4-4d41c87a40a0\/redbird-imi-eyes-telegraph-sale-%2B-we%25e2%2580%2599re-one-step-closer-to-the-india-middle-east-europe-trade-corridor\" style=\"\" rel=\"noopener\">considering<\/a> a sale of the magazine, or a dilution of its stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Officials are concerned this could strain wider UK-UAE ties and hamper further UAE investments in the country<\/strong>, Bloomberg said, citing several government sources. Former advisor to Prime Minister Boris Johnson and his special envoy to the GCC, Edward Udny-Lister said the UK government should have sent the UAE signals earlier on their feelings about the acquisition rather than \u201c[letting] it get to this stage.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Abu Dhabi sovereign wealth fund Mubadala is mulling an investment in Heathrow airport, and the UK government has approached Abu Dhabi investors about funding the development of the Sizewell C nuclear facility in Suffolk, <a target=\"_blank\" href=\"https:\/\/www.thetimes.co.uk\/article\/uae-state-energy-company-china-stake-sizewell-c-q7vk8jbtd\" style=\"\" rel=\"noopener\">the Times<\/a> reported earlier.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Al Mal Capital\u2019s real estate investment trust (REIT) has extended the subscription <\/strong><strong>period for its tradable rights issue to next Friday, 29 March<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2008.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The trust expects to allocate the rights issue on 5 April, with trading of the new units expected to kick off on the Dubai bourse on 19 April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Al Mal Capital\u2019s REIT said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae8206f2-a4af-4962-9b40-5f7b063744d6\/Al%20Mal%20Capital%20REIT%20plans%20capital%20increase.%20Here%E2%80%99s%20everything%20you%20need%20to%20know.\" style=\"\" rel=\"noopener\">last month<\/a> it would increase its capital by up to AED 440 mn through a tradable rights issue. If fully subscribed, the rights issue would see the fund raise its total capital to just north of AED 790 mn from AED 350 mn today.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #5- China\u2019s largest internet firm, Tencent, is planning to increase investments in the UAE and<\/strong><strong> Saudi Arabia<\/strong>, with a focus on offering cloud storage to gaming and entertainment companies and offering computing power for AI applications, Senior Executive Vice President Dowson Tong told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-21\/tencent-to-boost-mideast-cloud-investments-amid-regional-ai-push\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in Riyadh. Offerings could also include building an Arabic large language model. Investments are still at a \u201cnascent stage,\u201d he said, though he expects them to pick up quickly this year, noting that the company sees \u201ca lot of potential\u201d in this market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The recently <\/strong><strong>announced <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b737f10-50df-4a37-9d94-5babaec4301c\/Cabinet-greenlights-national-biofuels-policy,-initiatives-to-support-the-workforce\" style=\"\" rel=\"noopener\">biofuels policy<\/a><\/strong><strong> targets a 20% increase in biodiesel consumption by 2050<\/strong>, focusing on sectors like infrastructure, mobility, and manufacturing, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b297v1m-uae-reveals-details-national-policy-biofuels\" style=\"\" rel=\"noopener\">Wam<\/a> reported yesterday. This will lead to a 75% decrease in the carbon footprint of diesel cars, if drivers opt fully for biodiesel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The UAE could become one of Africa\u2019s biggest FDI sources over the next five <\/strong><strong>years<\/strong>, with investments focused on renewable energy, logistics, and agriculture, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-21\/uae-eyes-further-africa-deals-after-egypt-bailout?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The country made USD 44.5 bn in investment pledges across Africa last year, with key investments in Sudan, Ethiopia, Zambia, and other countries, with a focus on infrastructure development and resource extraction. The growth of UAE\u2019s FDI presence in Africa had jumped two years ago, last year it was still comfortably in the double-digits, but the next two-to-three years we\u2019ll see a return to growth in the thirties and above,\u201d Standard Bank Group CEO Rassem Zok tells the business information service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong> #7- The ADX and DFM benchmark indices could grow 15% in 2024 amid the<\/strong><strong> \u201cvery supportive environment\u201d<\/strong> and favorable global economic conditions, <a target=\"_blank\" href=\"https:\/\/alramz.ae\/services\/research\/publications\" style=\"\" rel=\"noopener\">Al Ramz Corporation Research<\/a> head Amer Halawi told Bloomberg (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-03-21\/halawi-on-fed-rates-equity-funds-video\" style=\"\" rel=\"noopener\">watch, runtime: 3:15<\/a>). The upward projection is supported by the \u201cphenomenal\u201d 34% y-o-y increase in UAE firms\u2019 2023 aggregate income, Halawi said, expecting the energy, financials, and infrastructure sectors to continue being the top performers in 2024.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\"> DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a><strong> Dubai was the world\u2019s largest market for luxury real estate in 4Q 2023<\/strong>, surpassing London, New York, and Singapore, with luxury property sales worth a total USD 1.81 bn, according to a recent <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2017.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by real estate consulting agency Knight Frank. The emirate saw 108 luxury properties valued at over USD 10 mn traded during 4Q alone (up 13.7% y-o-y), and made 384 luxury sales out of nearly 1.8k luxury sales globally throughout the whole of 2023. Luxury property sales in Dubai reached USD 6.7 bn in FY2023, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE ranked first in the region and 17th worldwide in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/hdr.undp.org\/data-center\/country-insights#\/ranks\" style=\"\" rel=\"noopener\">Human Development<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/hdr.undp.org\/data-center\/country-insights#\/ranks\" style=\"\" rel=\"noopener\">Insights ranking<\/a><\/strong> of the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2018.pdf\" style=\"\" rel=\"noopener\">UNDP Human Development Index 2023\/24 (pdf)<\/a>. The annual report provides a data-driven assessment of human development around the world.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Progress on Gaza ceasefire talks is leading the conversation in the foreign press<\/strong>, with the US calling for a vote today on a tougher UN resolution for \u201can immediate and sustained cease-fire\u201d for a six-week period to allow humanitarian aid and protect civilians. The resolution marks the US\u2019 toughest stance on Israel so far in the war, and comes following talks between Egypt, US and Qatar. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-bring-resolution-calling-ceasefire-gaza-vote-un-friday-2024-03-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/middle-east\/20240322-%F0%9F%94%B4-live-un-to-vote-on-gaza-ceasefire-resolution-as-qatar-talks-continue\" style=\"\" rel=\"noopener\">France24<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/mar\/21\/us-calls-for-immediate-ceasefire-in-gaza-with-draft-un-resolution\" style=\"\" rel=\"noopener\">The Guardian<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the business press, an antitrust suit handed to Apple for its monopoly over the phone market<\/strong> by imposing limitations to trump its competitors is getting plenty of ink. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/us-takes-apple-efforts-curtail-big-tech-gather-momentum-2024-03-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/21\/doj-sues-apple-over-iphone-monopoly.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-jones-03-21-2024\/card\/apple-stock-slips-after-u-s-sues-iphone-maker-mHT209s0EEJwjgrWLwxP\" style=\"\" rel=\"noopener\">WSJ<\/a>) <\/p>\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bayanat AI and Yahsat are holding their general assembly meetings simultaneously on<\/strong><strong> 25 April to vote on merging and forming Space42<\/strong>, an AI-powered space technology firm, according to a <a target=\"_blank\" href=\"https:\/\/www.bayanat.ai\/news\" style=\"\" rel=\"noopener\">press release<\/a>. Both companies' boards unanimously recommended <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f1680334-6ef7-4061-9d0d-25e9ddda758b\/stock-market-rallies-convince-analysts-of-global-risk-reset\" style=\"\" rel=\"noopener\">the merger<\/a> to shareholders of the two entities last December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RAK Energy Summit will take place from Wednesday, 27 November to Thursday, <\/strong><strong>28 November at Al Hamra International Exhibition and Conference Centre<\/strong> in Ras Al Khaimah, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b297uyt-rak-energy-summit-held-november\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Sponsored by Etihad Water and Electricity, the two-day event will run under the theme \u201cCreate and Contribute to the Sustainable Energy Goals of the Future,\u201d featuring panel discussions and networking sessions on accelerating sustainable energy deployment to advance the energy transition and meet net-zero targets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends, and happy FRIDAY.&nbsp;We have a pretty busy issue to close out a busy week of news, and the dominant theme of the day? IPOs. We have news of a strong DFM debut from Dubai\u2019s Parkin, LuLu Group pursuing plans for a potential USD 2 bn IPO on the ADX, and IHC subsidiary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":90328,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[74,1340,1398,130,87,7,60,1083,40,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-adx","tag-ai","tag-climate-change","tag-dfm","tag-dubai","tag-enterpriseam-uae","tag-ma-watch","tag-ppps","tag-redbird-imi","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"afce82f0-911c-4204-b840-fc95a5cfa51d","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/1\/887.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Dubai approves AED 40 bn PPPs + RedBird IMI\u2019s Telegraph acquisition to fall through","related_issue":[90325],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.5fe5f003-8393-48db-919d-cec6688b50c8.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dubai approves AED 40 bn PPPs - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai approves AED 40 bn PPPs\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and happy FRIDAY.&nbsp;We have a pretty busy issue to close out a busy week of news, and the dominant theme of the day? IPOs. We have news of a strong DFM debut from Dubai\u2019s Parkin, LuLu Group pursuing plans for a potential USD 2 bn IPO on the ADX, and IHC subsidiary [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dubai approves AED 40 bn PPPs\",\"datePublished\":\"2024-03-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\"},\"wordCount\":1397,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADX\",\"AI\",\"climate change\",\"DFM\",\"Dubai\",\"EnterpriseAM UAE\",\"M&amp;A WATCH\",\"PPPs\",\"Redbird IMI\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\",\"name\":\"Dubai approves AED 40 bn PPPs - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai approves AED 40 bn PPPs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dubai approves AED 40 bn PPPs - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/","og_locale":"en_US","og_type":"article","og_title":"Dubai approves AED 40 bn PPPs","og_description":"Good morning, friends, and happy FRIDAY.&nbsp;We have a pretty busy issue to close out a busy week of news, and the dominant theme of the day? IPOs. We have news of a strong DFM debut from Dubai\u2019s Parkin, LuLu Group pursuing plans for a potential USD 2 bn IPO on the ADX, and IHC subsidiary [&hellip;]","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/","og_site_name":"UAE","article_published_time":"2024-03-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dubai approves AED 40 bn PPPs","datePublished":"2024-03-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/"},"wordCount":1397,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1","keywords":["ADX","AI","climate change","DFM","Dubai","EnterpriseAM UAE","M&amp;A WATCH","PPPs","Redbird IMI","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/","name":"Dubai approves AED 40 bn PPPs - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1","datePublished":"2024-03-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-approves-aed-40-bn-ppps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Dubai approves AED 40 bn PPPs"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=90327"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90327\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/90328"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=90327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=90327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=90327"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=90327"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}