UAE issues law on public-private partnerships

Thursday, 18 January 2024 17:34

By ARN News Staff

The UAE's Ministry of Finance has issued a law, which sets the general framework for partnerships between federal government entities and the private sector.

In addition to regulating public-private partnerships, the legislation aims to encourage the private sector to participate in developmental and strategic projects and increase investment in federal government initiatives of social and economic value.

Federal Decree-Law No. 12 of 2023, which entered into force on December 1, 2023, will help improve the quality of public services, while ensuring effective management for the development of those services.

It will also enable the government to efficiently implement strategic projects, as well as benefit from the private sector's financial and administrative expertise, technical knowledge, and technology solutions.

The UAE Ministry of Finance has announced the issuance of Federal Law No. (12) of 2023 on public-private partnerships, which aims to encourage private sector involvement in developmental and strategic projects.#MOFUAE pic.twitter.com/Df5PBLeCKw
— وزارة المالية | الإمارات (@MOFUAE) January 18, 2024

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News

Dubai to ban trucks on key roads during 'peak hours'
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Sheikh Abdullah holds high-level meetings with global leaders in New York
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has held separate meetings with Bangladeshi Prime Minister, Tarique Rahman, and Comoros President, Azali Assoumani, in New York.
High-level Saudi delegation offers condolences to H.H. Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, received condolences from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on the passing of Sheikh Ahmed bin Rashid Al Maktoum.

UAE issues law on public-private partnerships

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