PPP law confirms confidence in Qatar’s private sector: Minister Jun 02, 2020 0 6848 12345 QNADoha The Minister of Commerce and Industry HE Ali bin Ahmed Al Kuwari has praised the PPP law regulating the partnership between the public and private sectors.The minister said the law translates the belief and confidence of Qatar’s wise leadership in the ability of the private sector to participate effectively in the economic development of the country. In a statement issued on Monday, the minister said that the issuance of this law will ensure constructive cooperation between the public and private sectors that have contributed to strengthening the Qatari economy despite various regional and global challenges.The minister noted that the law is an important step to expand investment prospects in Qatar and provide more opportunities for cooperation between the public and private sectors to implement projects that enhance the economic diversity of the country. “It will provide a legislative framework that contributes to raising the efficiency of project governance, distribution, and management of risks, reducing costs and encouraging competition and innovation to allow the state to implement a greater number of projects that support the national economy,” he said.The ministry said the PPP law is an important step to support the private sector and activate its role in building the strength of the national economy and contribute towards achieving the goals of the 2030 Qatar National Vision.The law will ensure that mechanisms are put in place allowing the government to provide public and social goods and services in partnership with the private sector and thus enhance the role and contribution of this sector in implementing major projects aimed at achieving economic development.The ministry said the law aims to develop the capabilities of Qatari private sector companies, encourage competition, enhance its role and contribution to economic development, and direct government agencies to take a new direction and a modern vision to manage national projects in a manner that supports the efficiency and effectiveness of their implementation and enhances their sustainability at lower costs.The minister said the law was prepared in the light of studies conducted by the ministry in coordination with Qatar Chamber and all relevant government agencies. The minister noted that the issued law includes institutional and contractual arrangements through the contract between the government agency and the private sector and the distribution and sharing of risks and roles through the regulatory and contractual frameworks.The minister also stressed the importance of this law in achieving the success and expansion of businesses. Pages 123 RELATED ARTICLES Can the automotive industry adapt to a COVID-19 world? Jun 02, 2020 0 6326 Sufficient foreign assets to help GCC maintain currency peg: S&P Jun 02, 2020 0 4005 Trade an integral part of global economic recovery: QFC CEO Jun 02, 2020 0 680 QSE outperforms GCC markets, jumps 175 points Satyendra Pathak Doha Qatar’s stock market outperformed its Gulf peers on Monday as optimism over easing coronavirus restrictions boosted risk appetite. The main index of Qatar Stock Exchange (QSE) gained 174.94 ..