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UAE releases details of new PPP regime

The Palm Jumeirah monorail in Dubai. The emirate is investing more than $10 billion in PPP for fields including infrastructure 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.

“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.

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.

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