Advisers sought for real estate project
Dubai Taxi Corporation (DTC) has tendered an advisory contract for a real estate and accommodation project under Dubais public-private partnership (PPP) law.
DTC owns three adjacent plots of land, and intends to build accommodation for employees and create new revenue streams.
The advisers will carry out a feasibility study.
The bid deadline is in July.
Dubais PPP law came into force in late 2015, providing a flexible framework for all sectors.
The contract for the first PPP project, at Dubai Courts, was awarded to Indian/Saudi Parkline. It will develop an automated car park with 1,232 spaces, in a deal worth $80m.
Dubais Roads & Transport Authority (RTA), of which DTC is a part, is expected to be one of the most active clients using the PPP law.
Its flagship project, the Union Oasis transit-oriented development, is at the developer prequalification stage.
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