Plenary to boost private sector role in Abu Dhabi infrastructure projects
ABU DHABI, 21 days ago
Plenary Group, a leading developer, investor, manager of infrastructure and real assets, has formalised a MoU with Abu Dhabi Projects and Infrastructure Centre to advance private sector engagement in infrastructure projects across the UAE capital.
One of the key outcomes of the Abu Dhabi Infrastructure Summit that was hosted by ADPIC in June, the agreement established a collaborative partnership between the two organisations to plan, develop and implement strategic PSEs within the emirate.
These efforts are part of a broader push to enable impactful PSE models across Abu Dhabi and are being driven in close collaboration with the Abu Dhabi Investment Office (ADIO), ADPIC’s strategic partner in attracting private sector expertise and capital into priority infrastructure projects.
ADPIC undertakes the review, supervision and monitoring of capital projects in Abu Dhabi, overseeing implementation and delivery to the highest standards of safety, quality and sustainability. It is currently managing initiatives worth more than $54 billion.
"Strengthening private sector engagement is vital to delivering resilient, efficient, and future-ready infrastructure," said Eng. Maysarah Mahmoud Eid, Director General of the ADPIC.
"This partnership with Plenary reflects our commitment to fostering high-impact collaboration that unlocks long-term value for Abu Dhabi, while supporting innovation, economic diversification, and world-class project delivery," he stated.
Plenary CEO Paul Crowe said this agreement strengthens the strategic relationship with ADPIC and reinforces its mutual commitment to advancing private sector engagements across the emirate.
"We look forward to collaborating with ADPIC on Abu Dhabi’s strong pipeline of PSE projects," he noted.
Plenary has partnered with the UAE government to finance and deliver social infrastructure projects since establishing a presence and winning its first project in 2022.
It has been awarded three major infrastructure projects in Abu Dhabi to date – including the Emirate’s first school infrastructure public-private partnership, the Zayed City Schools project, it stated.
In 2024, ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, acquired 49% of Plenary, marking the first major inbound investment from the UAE into an Australian company following the signing of the Australia-UAE Comprehensive Economic Partnership Agreement and reinforcing bilateral ties between the two nations.
As part of the agreement, Plenary and ADQ have established a co-development and investment platform, Plenary Middle East, to pursue public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia.
The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure.
The summit supports Abu Dhabi’s long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate’s resilient future-ready, built environment.-TradeArabia News Service
