The six per cent fall in the annual budget published by the Government of Dubai at the end of last week confirms the retreat of the once aggressive Dubai public sector as the motor of economic growth.
And as if to underline that the baton is being passed over to the private sector it was announced that the next Dubai Electricity and Water Authority plant will be the emirate’s first ever privately managed power and desalination project, with consultants invited to bid by February 22nd to advise on ‘an independent power and water (IWPP) model’.
The fate of the publicly financed $2.7 billion Hassyan ‘P’ station for which five bids were tendered last November is not known.
No comments:
Post a Comment