Dubai’s Roads and Transport Authority (RTA) has recently launched its investment platform branded ‘RTA Invest.’ This digital platform is dedicated to serving investors and entrepreneurs interested in engaging with RTA in projects. Such projects are based on the principle of public-private partnership (PPP) and tailored to deliver advanced services to all spectrums of the community.
Ibrahim Al Haddad, Director of Commercial and Investment, Strategy and Corporate Governance Sector, RTA said, “This automated channel is designated to serve the business community and act as a tool for leveraging the collaboration between RTA and investors from the UAE and the world over. The platform also offers a portal for reviewing prospective commercial projects offered by RTA and details required about the available investment projects. It also enables investors to submit proposals and discuss project details and suggestions with RTA. Through this portal, potential investors can bid in tenders and submit unsolicited proposals and ideas to RTA. The platform provides a portal offering investment prospects available with RTA and engaging them via interactive channels for communication and sharing ideas, proposals and solutions based on innovative business models.”
Al Haddad further explains,“The platform consists of a diverse array of investment opportunities including advertising in metro stations, bus stations, roadside assets, bridges and buses, and brand naming rights. It also encompasses public-private projects such as real estate, infrastructure and mobility-related projects as well as retail area vacancy status such as metro shops, metro kiosks/vending machines and bus station shops.”
RTA reports that it is seeking to measure up to the directives of its leaders, enhance projects competitiveness, and promote investment opportunities professionally to boost the appeal of infrastructure projects and initiatives. It also seeks to entice local and overseas firms, especially those engaged in ecosystems by enabling them to apply the latest transit-oriented finance and technology models.
The Director of Commercial and Investment, RTA comments, “The platform offers fair and transparent opportunities for investors worldwide and provide them with instant access to projects and opportunities. It opens up a new channel for exploring and enticing international investors, which brings in more foreign capital to support the growth and image of Dubai as an attractive global investment environment that fulfils the ambitions of investors and innovators.”