No Match Found
A comparative guide to the legal frameworks of Public Private Partnerships (PPPs) in the region
The current economic climate and the expected residual impact of the COVID-19 pandemic will have long-term financial consequences on government budgets. GCC economies are facing unprecedented challenges due to the dual shock of the COVID-19 pandemic and the steep fall in oil prices.
Although, most countries in the GCC have placed the provision of modern infrastructure and world-class public services at the heart of their respective national visions, our Capital Projects & Infrastructure Survey, published in the third quarter of 2020, revealed that the region is finding it challenging to implement infrastructure projects efficiently and that increased market volatility, oil price volatility and the economic cost of COVID-19 are putting a strain on government resources across the region.
With the total value of planned and unawarded projects in the GCC countries expected to reach USD 2 trillion, and given the challenges that governments in the region are operating under, it is clear that governments will seek private sector support in infrastructure projects delivery and look to attract private sector participation and funding to reduce the burden on the already stretched public finances. Public Private Partnerships (PPPs) will play a critical role in the region's post-COVID-19 recovery phase.
Each GCC country has its own legal framework driven by political, cultural and historical differences; however, all have similar core principles.
In this paper we examine aspects of the various PPP laws and frameworks in the GCC region.
Abu Dhabi Law No. (2) of 2019 on organising Public Private Partnerships
Dubai - The Dubai Law 22 of 2015 On the Organisation of Public Private Partnership in the Emirate of Dubai (the Dubai PPP Law).
Federal - Cabinet Resolution (#1/1) for 2017 on the Procedures Manual for partnership between federal entities and private sector (federal entities only) and the UAE Cabinet Resolution (#4/8) for 2019 on the Procedures Manual for partnership between public and private sectors in the UAE (local and federal entities)
Law on Public and Private Partnerships (promulgated by Sultani Decree 52/2019 and repealing the Law establishing the Omani Authority for Partnership for Development (SD 9/2014)
Private Sector Participation Law (PSP Law) approved under Council of Ministers Resolution 436, dated 16/03/2021
New PPP Law (Law No. 116 of 2014) issued in August 2014 (the New Kuwait PPP Law), replacing the old PPP Law (Law No. 7 of 2008) and Decree No 78 of 2015 issuing the Executive Regulations
Law No. (12) of 2020 Regulating Public Private Partnerships
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