PPP law to accelerate Qatar’s economic development: QC

      Published on Monday, 1 June , 2020      900 Views     
PPP law to accelerate Qatar’s economic development: QC

Qatar Chamber’s (QC) Chairman Sheikh Khalifa bin Jassim Al Thani praised the Public-Private Partnership Law, issued by the Amir H H Sheikh Tamim bin Hamad Al Thani, yesterday.

The QC Chairman said it would enhance the contribution of the private sector in the mega projects and in the economic activity in general.

The law would enable the private sector to be a genuine partner to the public sector in achieving the economic development.

In statements, Sheikh Khalifa said that the new law fulfills the Chamber’s demand for expanding the participation of Qatari companies in the execution of governmental projects, as the Chamber was the first body to call for such legislation, noting that the Chamber also had an important role in putting in place the building blocks of a draft law that organizes the partnership between the two sectors.

He said that the PPP law reflects the Amir’s trust in the private sector.

The QC Chairman recalled how the Amir emphasized in various occasions the role of the private sector in the economic development and its contribution in the mega projects in the future,, as well as his directives for the preparation of a Public-Private Partnership Law.

Sheikh Khalifa also praised the government’s interest in achieving the PPP, noting that several projects have recently been launched by the Technical Committee of the Ministerial Group for Stimulating the Private Sector, covering many sectors such as education, food security and others. Qatar Chamber Director General Saleh bin Hamad Al Sharqi hailed the issuance of Law No. 12 of the year 2020, regulating the partnership between public and private sectors, affirming that the new law would have a significant impact on accelerating the initiation and implementation of projects.

Al Sharqi also noted that the Chamber played a key role in highlighting the idea of issuing a law regulating the PPP, pointing out that it held a conference on this issue in 2009, which recommended the need for a legislation governing partnership between the two sectors.

He affirmed that the PPP projects would contribute to economic development and would play an important role in attracting investments, especially that the private sector has become able to play a greater role in economic development.

He said that the new law enhances the economic and investment environment which witnessed great development, especially after the issuance of many new economic legislations such as the law regulating the Non-Qatari Capital Investment in the Economic Activity and other laws and legislations.

Category Business | 2020/06/01 latest update at 7:00 PM
Source : The Peninsula | Photocredit : Google
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