Ajman issues law regulating public-private partnerships

Ajman issues law regulating public-private partnerships

AJMAN: H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued Law No. 2 of 2022 on regulating partnerships between the public and private sectors in the emirate of Ajman.

The law aims to encourage the private sector to engage in developmental projects, as well as attract national, regional and international investments in all areas, supporting the emirate’s economic and social development.

The law also aims to enable the emirate’s government to fully implement strategic projects, increase productivity, improve the quality of local public services, reduce financing burdens on its public budget, and support the emirate’s strategic plans aimed at creating a sustainable economy.

On the occasion, H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, stressed that the emirate of Ajman has become a model to be followed of strengthening the partnership between the public and private sectors, due to the inspiring vision of Sheikh Humaid.

“The new law underscores the aspirations of the Ajman Government to foresee the features of the coming period in terms of financing vital government projects, through the partnership between the public and private sectors,” Sheikh Ammar said.

He also affirmed the law’s importance in strengthening the relations between the public