Qatar to issue new law to regulate PPP operations
A senior official at Qatar’s Ministry of Economy and Commerce has confirmed that a new law defining the regulatory mechanisms and governing the operations of Public Private Partnership (PPP) businesses in Qatar is to be issued soon
A senior official at Qatar’s Ministry of Economy and Commerce has confirmed that a new law defining the regulatory mechanisms and governing the operations of Public Private Partnership (PPP) businesses in Qatar is to be issued soon.
The proposed law, now in the final stages of approval, is expected to clearly define the rights, duties and accountability of all concerned parties involved in a PPP business venture, Doha’s The Peninsula reported.
“The upcoming law will define the roles and responsibilities of all stakeholders involved in a PPP business model project. It is also going to put accountabilities on each parties,” Dr Khaled Alderbesti, senior consultant at the Ministry of Economy and Commerce, explained on the sidelines of a roundtable discussion on ‘The Implementation of PPPs in the State of Qatar’.
Dr Khaled noted that the Ministry of Economy and Commerce would act as the intermediary between the private sector and different associated government agencies, especially those that are overseeing and executing important government projects.
Sultan bin Rashid Al Khater, Undersecretary at the Ministry of Economy and Commerce delivered the keynote address. Apart from Dr. Khaled, other panellists included Abdullah bin Hamad Al Attiyah, assistant president at Ashghal (Qatar’s Public Works Authority); Fahad Rashid Al Kaabi, CEO, Manateq (Free Zones Authority); Mira Al Attiyah, CEO, QNB Capital; Capt. Abdulla Al Khanji, CEO of Qatar Ports Management Company; Abdul Rahman Essa Al Mannai, president and CEO of Milaha (Maritime and Logistics Company). Leland Rice, editor-in-chief of BVI-based ‘The Business Year’ moderated the discussions.
Most of the panellists agreed that once the law becomes operational, it would attract more private investment from local and international companies to partner with government agencies to work together to improve efficiencies and productivity.
The upcoming law is also expected to attract know-how and technologies in key areas of the economy, especially in the services sector, such as transportation, health, education and infrastructure development among others.
Dr Khaled added that the draft-law had accommodated the best international practices and was mindful of the local requirements to make it more compatible and acceptable to all parties involved. It has, after consultations, incorporated the concerns of the local private businesses.
“I believe that most of the stakeholders will be very content with the law as it clearly states their rights and identifies their responsibilities. Within the legal framework it will help both sides to better support the implementation and operation of the PPPs," he concluded.