UAE Ministry of Finance Issues Public-Private Partnership Manual and Defines Priority Sectors

UAE, 3 July, 2024 : The UAE Ministry of Finance announced the Cabinet's approval of the Public-Private Partnership (PPP) Manual, which aims to create a policy and procedural framework for federal government entities to efficiently implement developmental and strategic projects. The manual encourages private sector participation, enhancing the UAE’s efforts to develop national projects for societal and economic benefit.

The PPP Manual governs the design, planning, and implementation of projects, providing guidelines for federal entities and private sector partners to ensure transparency. It outlines roles and responsibilities, procedures for partnership contracts, market studies, project assessments, partner selection, and bid submissions, complying with Federal Decree-Law No. 12 of 2023.

His Excellency Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasized the UAE's commitment to sustainable economic growth through public-private cooperation, enhancing public spending value, and promoting innovation and competition. 

The manual targets priority sectors for the first phase of partnerships, including infrastructure, energy, healthcare, social services, and education. This initiative aims to enhance governance, transfer knowledge, and train federal employees, ultimately adding value to public funds and stimulating economic activity.

Source : www.mof.gov.ae