Ministry of Economy is aiming to start implementing new law by end of year
Qatars Ministry of Economy and Commerce is preparing to submit the draft public-private partnership (PPP) law to the cabinet by the end of August this year.
We will submit the draft PPP law to the cabinet in July or August, said Saud Abdullah al-Attiyah, director of economic policies and research department, Ministry of Economy and Commerce, speaking at MEEDs Qatar Projects conference in Doha on 15 March.
Al-Attiyah said that the ministry hopes to have the PPP framework finalised by the end of 2016.
We hope to have the framework completed and start implementing the [PPP] law by the end of the year.
He told the conference that the initial PPP opportunities in Qatar in 2016 and 2017 will include pure-PPP projects for the construction of 10-12 public schools, plus the provision of land for health projects and sports venues.
Al-Attiyah said that the ministry had studied Kuwaits PPP law and strategy, and other countrys PPP programmes, to assist formulate the draft law and framework.
Opening the MEED event, Sheikh Ahmed bin Jassim al-Thani, had said that the PPP model offered promising opportunities to encourage and increase private investment and assist develop economic growth.
Qatar eyes PPP possibilities
Construction work in Doha
The case for public-private partnerships (PPPs) in Qatar is clear. A punishing $200bn-plus project slate and crimped public finances suggest private financing for critical infrastructure projects is the right fit.
As governments in the region seek to diversify their economies through the promotion of non-hydrocarbons industries, the private sector is being encouraged to help reduce oil and gas dependence. Qatar is no exception. Read More
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.