The Roads & Transport Authority (RTA) has invited companies to bid by 11 September for a design, build, operate and transfer contract for eight multi-storey car parks in Dubai.
The buildings will be located in downtown areas where there is little parking space available, such as Deira, Bur Dubai, Al-Ras and Al-Naif, and will have three to five levels.
The successful bidders will operate the facilities for a fixed period of 15 years, after which they will have to be transferred to the authority, which may then lease them back to the original operators or to another operator.
The RTA is already building a number of major car parks as part of the Dubai Metro scheme (MEED 17:06:08).
You might also like...
UAE bank asset quality hinges on property market
03 April 2026
Safety and security matters
03 April 2026
Saudi forecast remains one of growth
03 April 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
