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Monday, September 27, 2021

Dubai’s RTA launches its investment platform ‘RTA Invest’ to serving investors and entrepreneurs

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Dubai’s Roads and Transport Authority (RTA) has dispatched its investment platform – ‘RTA Invest’.

The platform is committed to serving investors and entrepreneurs keen on drawing in with the authority on projects. Such projects are based on public-private partnerships (PPP) and customized to convey services to all spectrums of the community.

“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,” said Ibrahim Al Haddad, director of commercial and investment, strategy and corporate governance sector, RTA. “The platform also offers a portal for reviewing prospective commercial projects offered by the RTA and details required about the available investment projects. It also enables investors to submit proposals and discuss project details and suggestions with the RTA. Through this portal, potential investors can bid for tenders and submit unsolicited proposals and ideas to the RTA.”

“The platform consists of a diverse array of investment opportunities including advertising at 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,” he explained.

“By dispatching this platform, RTA is trying to compare the mandates of our chiefs, improve projects seriousness, and elevate investment openings professionally to support the appeal of infrastructure projects and drives. It also looks to charm local and abroad firms, especially those occupied with ecosystems by empowering them to apply the most recent transit-oriented finance and technology models,” Al Haddad added.

RTA’s total revenues by means of digital channels (e-payment portal and brilliant kiosks) added up to Dhs2.655bn in 2020, while the quantity of digital transactions arrived at 527.146 million.

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