UAE Unveils Public-Private Partnership Manual to Drive Economic Growth

UAE: The United Arab Emirates (UAE) has taken a significant step towards strengthening its Economic Growth by approving a Public-Private Partnership (PPP) Manual. This manual establishes a clear framework for collaboration between public and private entities on crucial national projects.

Boosting Collaboration for National Development

The PPP Manual outlines policies and procedures to streamline the development and implementation of strategic projects. By leveraging the financial, administrative, and technological expertise of the private sector, the UAE aims to achieve greater efficiency and effectiveness in project execution.

The manual identifies several key sectors for the initial phase of PPP projects. These include infrastructure, energy, healthcare, social services, and education. By focusing on these areas, the UAE seeks to unlock significant economic growth opportunities.

Transparency and Shared Benefits

The manual emphasizes transparency and clarity for all parties involved in PPP projects. It defines roles and responsibilities, outlines procedures for project proposals, market studies, and partner selection. This ensures a fair and competitive environment for both public and private entities.

The UAE Ministry of Finance believes that PPPs will contribute to achieving sustainable economic growth. This collaboration is expected to optimize public spending, enhance service delivery, and stimulate innovation within the national economy.

Open Invitation to the Private Sector

The Minister of State for Financial Affairs, Mohamed Hadi Al Hussaini, has extended an invitation to the private sector for active participation in PPP projects. He emphasized the importance of this collaboration in achieving national aspirations and strengthening the UAE’s global position.

The PPP Manual represents a significant step forward for the UAE. By fostering collaboration between public and private sectors, the country aims to unlock its full economic potential and ensure long-term prosperity for all its citizens.

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