To redevelop Dharavi, Fadnavis knocks on Dubai doors

To redevelop Dharavi, Fadnavis knocks on Dubai doors

To redevelop Dharavi, Fadnavis knocks on Dubai doorsUAE royal family-owned group shows interest in ₹22,000-cr. project

Nearly 30 months after the State government invited bids for the ₹22,000-crore Dharavi Redevelopment Project, Dubai-based MBM group has expressed interest, the Chief Minister’s Office (CMO) said.

The group has shown interest in other infrastructure projects in the State, following a meeting between MBM group chairman Sheikh Mohammad Bin Juma Al Maktum and CM Devendra Fadnavis in Dubai on Sunday.

Global tenders for the project, which has been under discussion for close to 20 years, were floated on January 30, 2016, but found no takers despite subsequent several attempts by the State government. A Special Purpose Vehicle is already in place to implement the project, which, according to State Housing Minister Prakash Mehta, will be cleared at the same time as the along with Mumbai Development Plan 2034.

With elections looming on the horizon, the BJP-led government is trying to speed things up. A delegation led by Mr. Fadnavis is on a week-long tour of the U.S.A. and Canada, beginning Saturday. The delegation is scheduled to visit Montreal in Canada and New York, Washington and San Fransisco in the U.S. to meet business leaders and visit institutions to give impetus to infrastructure projects and IT initiatives in Maharashtra.

Infra top priority

In Dubai, Mr. Fadnavis was welcomed by Navdeep Puri, India’s Ambassador to the UAE. Established in 2006, MBM group is an office and investment holding company run by UAE’s royal family. It has interests in investments, social and community development and is a strategic advisory. The group started out in the UAE market as a venture capitalist, and has now expanded to cover sports consultancy, healthcare, education, oil and gas services, real estate and special situations.

Mr. Fadnavis also met with Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World. After the meeting, he said DP World intends to work with the State government on multimodal logistics parks, particularly in Nagpur, for better port connectivity on G2G (government to government) basis. DP World has partnered the Central government’s National Investment and Infrastructure Fund (NIIF) to create an investment platform for ports, terminals, transportation and logistics businesses.

The CM also held a meeting with Thumbay Moideen, founder president, Thumbay Group, which runs healthcare facilities and a medical university in UAE. Mr. Fadnavis said Mr. Moideen expressed his interest in working as a healthcare partner for projects in the State, and also intended to enter into a formal MoU with the State government.

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