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UAE to approve new PPPs rules in 2016

UAE to approve new PPPs rules in 2016
UAE aims at encouraging public–private partnerships - (Photo Credit: Arabianeye-Reuters)

By: Amr Adel

Mubasher: The Emirati minister of infrastructure development, Abdullah bin Mohammed Belhaif Al Nuaimi, said on Tuesday that the UAE is currently working on regulating public–private partnerships (PPPs) before the end of 2016.

The new rules which come as an alternative to drafting a new PPP law, will be submitted to the Emirati cabinet this year, Al Nuaimi told reporters on the sidelines of the annual MENA rail and metro summit in Dubai.

Al Nuaimi added that this step aims at governing the cooperation between the private and the public sectors, as well as allowing opportunities to the private sector to properly work with the government.

The annual MENA rail and metro summit was launched on Tuesday in Dubai, in the presence of the Gulf ministers of transportation in order to push forward the project to establish the GCC railway network.

Translated by: Moslem Ali