UAE: MoF organises workshop on mechanisms of public-private partnership projects

UAE: MoF organises workshop on mechanisms of public-private partnership projects

DUBAI - 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.

Younis Haji Al Khoori, Under-Secretary 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 clearly defining roles, responsibilities and frameworks for effective project evaluation. This helps in reducing costs, driving innovation within the public services' framework, and stimulating the participation of the private sector in public projects by setting up a robust structure that benefits all the relevant partners.

Al Khoori said, “The new mechanism enhances the efficiency of implementing government projects and improves the quality of services provided to the