MoF organises a workshop on the mechanisms of public-private partnership projects

MoF organises a workshop on the mechanisms of public-private partnership projects

- Younis Haji Al Khoori: The new mechanisms of partnership projects help in reducing costs and driving innovation.

- Younis Haji Al Khoori: Partnering with the private sector enhances the efficiency of implementing government projects.

- Stimulating the participation of the private sector in public projects by setting up a robust structure that benefits all the relevant parties.

Dubai – United Arab Emirates: The Ministry of Finance (MoF) recently held a workshop to introduce the federal entities to the mechanisms of organising public-private partnerships. The workshop discussed the procedures and mechanisms developed by the MoF based on Cabinet Resolution No. (3/8) of 2022 regarding the approval of issuing a Federal Law on regulating public-private partnerships.

More than 75 heads of departments and divisions in the federal entities with expertise in public-private partnership projects participated in the workshop, which previewed the frameworks and regulating procedures of such projects. Participants then shared their opinions and observations regarding these procedures, to ensure the success and efficacy of the new mechanism.

The significance of the new mechanism

His Excellency Younis Haji Al Khoori, Undersecretary of MoF, emphasised the significance of the new mechanism in setting the needed procedures for partnership management and governance, and organising the relationships among stakeholders while