Qatar: PPP law will benefit infra, says Clyde & Co
Qatar’s public-private partnership law is likely to accelerate infrastructure development in the country, according to Clyde & Co experts
Qatar’s upcoming public-private partnership (PPP) law is likely to accelerate infrastructure development in the country, say legal experts from Clyde & Co.
The new legislation, which is in the process of being drafted, is designed to promote the growth of Qatar’s PPP sector.
It will also provide a strong legal framework for the delivery of future PPP projects, according to Laura Warren, construction and projects partner, and Alexander Whyatt, associate
The law will also provide a strong legal framework for the delivery of future PPP projects, according to construction and projects partner, Laura Warren and associate, Alexander Whyatt from Clyde & Co’s Qatar office.
In an article submitted to Construction Week, Warren and Whyatt write: “PPPs can offer clear advantages over more traditional procurement routes, including long-term financial certainty, knowledge integration, and economic diversification.
“It may be these factors that will help Qatar realise the ambitious plans for growth in its National Vision 2030, and address the medium- and long-term needs of its growing population.”
Warren and Whyatt go on to point out that the law, once implemented, is likely to expedite infrastructure development and strengthen the public sector’s construction-related knowledge base.
Many countries implement PPP projects in order to ease financial burdens,” Warren and Whyatt explain. “Although this may be a factor, it is thought that the driving influences behind Qatar’s efforts are the acceleration of infrastructure development, and the closer public sector integration of private sector experience in the construction and operation of these projects.”
Qatar’s Ministry of Economy and Commerce has stated its intention to submit the draft PPP law to the cabinet in August 2016. Implementation is scheduled before the end of the year.
Click here to read Warren and Whyatt’s article in full.