UAE Ministry of Finance Unveils Public-Private Partnership Manual

UAE, 26 June, 2024 :  The UAE Ministry of Finance has announced the UAE Cabinet's approval of the Public-Private Partnership (PPP) Manual, aimed at enhancing the implementation of developmental and strategic projects by federal government entities. The manual provides a policy and procedural framework to leverage the financial, administrative, and technological expertise of the private sector.

The PPP Manual encourages private sector participation in national and strategic projects, supporting the UAE's efforts to maximize societal and economic benefits. It outlines roles and responsibilities, governance of PPP contracts, project structuring, market studies, value-for-money assessments, and partner selection processes in accordance with Federal Decree-Law No. 12 of 2023.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasized the importance of public-private cooperation for sustainable economic growth and improved public spending efficiency. He noted that the manual invites active private sector participation in major strategic projects.

Priority sectors for the first phase of future partnership projects include infrastructure, energy, healthcare, social services, and education. The Ministry aims to enhance cooperation, governance frameworks, and knowledge transfer between the public and private sectors, contributing to the UAE's economic development and efficient use of public funds.

You can access the manual by clicking this link : f-2019-on-the-Procedures-Manual-for-Partnership-Between-Public-and-Private-Sectors-in-the-UAE-1.pdf">UAE's PPP Manual

Source : www.wam.ae