Economy UAE releases details of new PPP regime By Valentina Pasquali June 27, 2024, 3:36 AM Alamy via Reuters The Palm Jumeirah monorail in Dubai. The emirate is investing more than $10 billion in PPP for fields including infrastructure The Emirati Ministry of Finance this week released guidelines for its new framework aimed at encouraging wider adoption and execution of public-private partnerships in the UAE. The new manual seeks to define PPP stakeholders’ specific roles and responsibilities, and standardise relevant regulations and procedures, according to the Wam news agency. NewsletterGet the Best of AGBI delivered straight to your inbox every week “Case studies around the world have shown that public-private partnerships enhance efficiency and effectiveness, improve service levels and quality, reduce costs, and optimally utilise resources,” Mohamed Hadi Al Hussaini, minister of state for financial affairs, said in a statement. “This manual represents a practical step forward and an open invitation for active participation and positive contribution from the private sector in supporting the UAE’s efforts to develop major strategic projects and support the national economy,” Al Hussaini added. Saudi Arabia seeks private investment for 113 water projects Dubai approves PPP projects worth nearly $11bn The release follows enactment of the UAE’s new national PPP law in May following a multi-year process. Infrastructure, energy, healthcare, social services and education are among the areas that the Finance Ministry in Abu Dhabi identified as priority targets for new PPPs. Dubai’s own finance department approved AED40 billion ($10.89 billion) worth of new PPPs at the end of March.