New PPP law will enhance private sector’s role in major projects: QC
New law will accelerate the implementation of projects in Qatar, says Qatar Chamber’s director general
QATAR Chamber (QC) Chairman Sheikh Khalifa bin Jassim bin Mohammad Al Thani has underlined that the law regulating the partnership between the government and private sectors, which was issued by His Highness The Amir of State of Qatar Sheikh Tamim bin Hamad Al Thani, would enhance the participation of the private sector in major projects in the state.
He said the new PPP law supports economic activity in general and makes the private sector a true partner of the government sector in achieving the desired economic development.
The Law No 12 of 2020 regulating the partnership between the government and the private sectors meets the ambition of the Qatar Chamber aimed at expanding the involvement of Qatari companies in implementing government projects.
“The Qatar Chamber had an important role in laying the basic building blocks for a draft law regulating the partnership between the two sectors,” Sheikh Khalifa added.
Sheikh Khalifa said that the partnership between the public and private sectors has now become a reality on the ground, thanks to the guidance of the wise leadership and its confidence in the Qatari private sector, its emphasis on activating its role in economic development, and increasing its contribution to major projects in the future, as well as directing to prepare a law for partnership between the public and private sector.
QATAR Chamber Chairman Sheikh Khalifa bin Jassim Al Thani has praised the Public-Private Partnership (PPP) Law issued by His Highness The Amir of The State of Qatar Sheikh Tamim bin Hamad Al Thani on Sunday.
In a statement issued by Qatar Chamber on Sunday, Sheikh Khalifa said the PPP law would enhance the contribution of the private sector in the mega projects and in the economic activities in general. “The law would enable the private sector to be a genuine partner to the public sector in achieving the economic development,” he said.
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.
Chamber was the first body to call for such legislation, he said noting that the chamber played an important role in laying the basic building blocks for a draft law that paved way for partnership between the private sector and the public sector.
Expressing his happiness over the PPP model becoming a reality in Qatar, he said it shows the trust of the state government in the country’s private sector. “The country’s leadership always emphasised on various occasions about the role of the private sector in the economic development and its contribution in the mega projects in the future. Directives for the preparation of a Public-Private Partnership Law were given make it a reality,” he said.
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 sectors such as education, food security and others. Hailing the new law, Qatar Chamber Director General Saleh bin Hamad Al Sharqi said that it would have a significant impact on accelerating the initiation and implementation of projects.
Sharqi also noted that the chamber played a key role in highlighting the idea of issuing a law regulating the PPP. He pointed out that the chamber held a conference on this issue in 2009, where it recommended the need for legislation governing partnership between the two sectors.
He affirmed that PPP projects would contribute to economic development and would play an important role in attracting investments. He said the new law enhances the economic and investment environment which witnessed great development, especially after the issuance of new economic legislation such as the law regulating the non-Qatari capital investment in various economic activities.