An electronic platform to attract investment opportunities in the infrastructure sector

Sunday, September 12, 2021

The Ministry of Energy and Infrastructure announced that it has achieved an increase in the growth of investment revenues from the commercial activities and partnership projects with the private sector, which included the activity of renting spaces in road rest areas, and the activity of outdoor advertising, with an increase of about 140% since the beginning of this year 2021, which is the period that represents the start of the stages of recovery from the effects of the Corona pandemic, and the start of the gradual return to the advertising market and the recovery of its inputs compared to 2020.

In turn, His Excellency Eng. Hassan Mohamed Al-Mansoori, Undersecretary for Infrastructure and Transport Affairs, stressed that the Ministry of Energy and Infrastructure aims to expand the scope of investment to include the energy, infrastructure, housing and transport sectors to keep pace with the vision of the wise leadership and the state's goals for the next 50 years, in supporting the national economy and actively contributing to that by involving the private sector in the investment process in accordance with a clear vision and innovative practices.

H.E Hassan Al-Mansoori revealed that the Ministry of Energy and Infrastructure is developing an electronic platform with the aim of informing investors of the investment opportunities and facilitating and accelerating the procedures for dealing and contracting with investors, in a way that supports the aspirations of the UAE government towards digital transformation. The platform aims to consolidate the Ministry’s position as an ideal destination for investment, this is through the unique experience it provides that is consistent with the digital transformation of the UAE; stressing that the directives of His Excellency Suhail Al Mazrouei, Minister of Energy, and Infrastructure, aim to enhance the Ministry’s openness to the private sector and to actors in the field of investment to develop new work mechanisms that achieve aspirations and future goals.

H.E Al Mansouri said, "This growth comes in the context of the Ministry's keenness to promote an optimal investment in the outdoor advertising system, and it has developed innovative and effective solutions to advance this market, which constitutes one of the main pillars of the Ministry's future plans for growth and development by involving the private sector in the process of developing the energy and infrastructure sectors, housing, and transportation, while studying the addition of new horizons and areas for commercial and investment activities in its various sectors to support achieving financial sustainability”.

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