Dubai’s RTA launches digital platform to serve investors, entrepreneurs

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

The platform is dedicated to serving investors and entrepreneurs interested in engaging with the authority on projects. Such projects are based on public-private partnerships (PPP) and tailored to deliver services to all spectrums of the community.

RTA recently launched its investment platform branded ‘RTA Invest.’ This specialist digital platform is dedicated to serving investors and entrepreneurs interested in engaging in projects with #RTA. pic.twitter.com/Atu9s3qqRl

— RTA (@rta_dubai) August 25, 2021

“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 launching this platform, RTA is seeking to measure up to the directives of our leaders, enhance projects competitiveness, and promote investment opportunities professionally to boost the appeal of infrastructure projects and initiatives. It also seeks to woo local and overseas firms, especially those engaged in ecosystems by enabling them to apply the latest transit-oriented finance and technology models,” Al Haddad added.

RTA’s total revenues via digital channels (e-payment portal and smart kiosks) amounted to Dhs2.655bn in 2020, while the number of digital transactions reached 527.146 million.

Read: Dubai RTA’s revenues via digital platforms hit Dhs2.6bn in 2020