UAE to pass PPP law by year-end

This new framework will help regulate agreements between the private sector and the government

NEWS, Business, 2016, Framwork, Gcc, Law, Ppp, Public-private partnership, Uae

The UAE is preparing a framework to govern public-private partnerships (PPPs) by the end of 2016, a minister said on Tuesday.

The documentation will be used to draft a new law encouraging more private sector participation in infrastructure projects, Minister of Infrastructure Development Abdullah bin Mohammed al-Nuaimi told reporters at a rail industry conference in Dubai.

This new framework will help regulate agreements between the private sector and the government, Reuters reported.

Al-Nuaimi said: "It will give the opportunity to the private sector to be comfortable when they operate with the government.”

Governments across the GCC are now looking at utilising PPPs with the UAE leading the charge. PPPs will help reduce the financial burdens and strains wrought by low oil prices in the long-term.

The emirate of Dubai enacted its own PPP law in 2015.

 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020