Ministry of Finance takes federal public-private partnership framework to next level to drive sustainable economic growth
Awareness and training workshops on partnership procedures, introducing the Manual's key pillars and implementation mechanisms.
Younis Haji AlKhoori: Public-private partnerships are an effective mechanism for driving development and achieving the strategic objectives of the UAE.
Abu Dhabi: The Ministry of Finance is accelerating its efforts to strengthen public-private partnerships, turning them into a key driver for achieving sustainable development.
Over the past two years, the Ministry has established a robust system for such partnerships and developed a legislative framework that enables their effective implementation. These initiaitives have contributed not only to driving economic growth but also to attracting investment, and enhancing service quality.
Aligned with the UAE's comprehensive vision, these measures are set to balance economic and social development while fostering greater private sector engagement. Through this approach, the Ministry seeks to amplify the state's efforts in building a more sustainable and prosperous future.
Integration of knowledge and expertise
His Excellency Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, said, 'Developing a robust PPP framework is a top priority for the Ministry of Finance, recognising its role as an effective instrument for sustainable development and a significant player in feuling the UAE's economic and social advancement as well as in achieving the UAE's strategic goals.
'Through these partnerships, we strive to make the most of available resources, strengthen government performance, and facilitate the exchange of financial, administrative, and technological expertise with the private sector.
We are committed to improving the community's quality of life, reinforcing the resilience and sustainability of the national economy, and advancing the objectives of the 'We the UAE 2031' vision and the UAE Centennial 2071,' AlKhoori said.
Milestones
In 2023, the UAE enacted Federal Law No. (12) regulating PPP projects at the federal level. The law aims to encourage private sector participation in strategic and developmental initiatives, increase investment in projects with significant economic, social, and service value, and enable the federal government to deliver strategic projects with greater efficiency.
PPP Project Manual
Meanwhile, in June 2024, the Ministry of Finance released the Manual on PPP projects, management and execution, in a significant step strengthening governance frameworks. The manual outlines detailed procedures and policies for federal entities and private sector partners to follow at every stage of a project, from planning and design to execution and operational management.
Capacity-building programmes
To support effective implementation, the Ministry has conducted a series of workshops to familiarise federal entities and private sector stakeholders with PPP procedures and the manual's key provisions.
In May 2025, it introduced a specialised PPP training programme designed to enhance the capabilities of federal entities and refine partnership mechanisms with the private sector.
Developed in collaboration with an APMG International-accredited training institute, the programme culminates in awarding the Certified PPP Professional (CP3P)–Foundation Level qualification, supported by leading international financial institutions.
Building on the success of the first phase of the programme, the Ministry is now set to launch the second phase to further strengthen national expertise in PPPs and ensure the long-term sustainability of this model in line with international best practice.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
4 hours ago
- Arabian Business
UAE GCSE results 2025: Record grades and 100% pass rates across top schools
UAE schools have reported outstanding GCSE results for 2025, with students across schools including Horizon International School, the Repton Family of Schools, Aldar Education academies, and Kent College Dubai celebrating record achievements. The results highlight not only exceptional academic performance but also the strong teaching, student resilience, and community support underpinning the country's leading schools. Students in selected private schools in the country will pursue Horizon International School (HIS) Horizon International School reported strong progress, with 92 per cent of students achieving grades 9–4/A–C*, and 32 per cent securing top grades 9–8/A. Value-added scores also stood out: +1.5 in English, +0.8 in Maths, and +1.6 in Geography. Principal Stephen Quinn said: 'We are incredibly proud of what our students have accomplished, not only in terms of grades but also in the personal growth they've demonstrated throughout their academic year.' Repton family of schools At Repton Abu Dhabi, 85 per cent of students achieved grades 9–6 (A–B)* and *48 per cent secured top grades 9–8 (A)**, an increase from last year. Repton Al Barsha saw 73 per cent at grades 9–6, with particularly strong results in Maths, Biology, and French. Repton Dubai continued its 16-year tradition of excellence, with a 100 per cent pass rate and all students moving into Sixth Form. Steven Lupton, Principal of Repton Abu Dhabi, said: 'These results highlight the ambition, resilience and determination of our students.' Chandini Misra, Principal of Repton Al Barsha, added: 'We're proud to see our students continuing to reach new heights and set strong foundations for future success.' Michael Bloy, Principal of Repton Dubai, commented: 'It's fantastic to see such a consistent level of performance across our student body.' Bateen World Academy Part of the Aldar Education network, Bateen World Academy reported that 31 per cent of grades were 9–8, with 47 per cent achieving 9–7 and 88 per cent at 9–4. Principal Neal Dilk said: 'We are incredibly proud of all our students for their outstanding GCSE results. Their hard work and dedication have truly paid off.' Aldar Education CEO Sahar Cooper added: 'These results reflect rigorous academic standards and diverse opportunities that empower our learners to excel in all areas.' Yasmina British Academy Yasmina achieved strong outcomes across both GCSE and BTEC, with 13 per cent of grades at 9, 27 per cent at 8–9, and 43 per cent at 7–9. In total, 85 per cent of entries passed at grades 4–9. Principal Jennie Kellett said: 'Out of over 1,000 entries, an incredible 266 grades were awarded at a grade 8 or 9. Today's results are a testament to their commitment and the support of our teachers, families, and wider school community.' CEO Sahar Cooper praised the cohort of 1,000 students for their resilience and ambition, calling the results 'an impressive milestone.' Mamoura British Academy Mamoura students also excelled, with 46 per cent of entries at grades 9–7 (A–A)* and an overall pass rate of 76 per cent, up from 61 per cent in 2024. Strong results were seen across STEM and humanities, with every student in Design Technology achieving grade 7 or above. Acting Principal Susan Adshead said: 'Though our cohort may be small, they have demonstrated that dedication and perseverance can lead to outstanding success.' CEO Sahar Cooper noted: 'Mamoura has demonstrated consistent and impressive progress year over year, reinforcing its position as one of Abu Dhabi's leading British curriculum schools.' Kent College Dubai Kent College achieved a 100 per cent pass rate in its I/GCSEs, with 43 per cent of entries graded 9–7 (A–A)* and *90 per cent graded 9–4 (A–C)**. Of the 548 exam entries, 12 per cent were awarded grade 9 and 26 per cent secured 9–8. Principal Tim Hollis said: 'These results are a true testament to the hard work and commitment of our students, supported by the dedication of their teachers.' CEO Sahar Cooper added: 'Our students continue to inspire us as they set new academic benchmarks every day.' Celebrating UAE-wide excellence The results across Horizon, Repton, Aldar Education academies, and Kent College Dubai showcase the UAE's growing reputation for academic excellence. With multiple schools reporting record achievements and rising percentages of top grades, students are securing pathways to leading universities worldwide. GCSE 2025 Results – UAE Schools at a Glance School Pass Rate Top Grades (9–7 / A*–A) Highest Grades (9–8 / A*) Notable Highlights Horizon International School 92 per cent (9–4 / A*–C) 46 per cent 32 per cent Value-added: +1.5 (English), +1.6 (Geography) Repton Abu Dhabi 98 per cent 66 per cent 48 per cent Biology & Physics: 100 per cent grades 6–9 Repton Al Barsha 97 per cent 55 per cent 38 per cent Maths: 64 per cent grades 8–9 Repton Dubai 100 per cent 55 per cent 37 per cent 100 per cent progression to Sixth Form Bateen World Academy 88 per cent (9–4 / A*–C) 47 per cent 31 per cent Rated Outstanding by ADEK Yasmina British Academy 85 per cent (9–4 / A*–C) 43 per cent 27 per cent 266 entries awarded grades 8–9 Mamoura British Academy 76 per cent (9–4 / A*–C) 46 per cent 25 per cent Strong results in STEM & humanities Kent College Dubai 100 per cent 43 per cent 26 per cent 12 per cent of entries grade 9, 548 entries total
Arabian Business
4 hours ago
- Arabian Business
Kuwait to attract $32bn investment and create 50,000 jobs under New Kuwait 2035 mega projects
Kuwait is rolling out one of its most ambitious development drives to date, with plans to attract up to KD10bn ($32.6bn) in private and foreign investment, generate annual revenues of KD1bn ($3.26bn) by 2030, and create more than 50,000 new jobs. The programme is anchored in the New Kuwait 2035 Vision and combines sweeping reforms, strategic partnerships, and mega projects in energy, transport, infrastructure, smart cities, and industrial zones. The government says the strategy will also reduce pressure on the state budget by around 30 per cent while strengthening long-term economic sustainability. Kuwait megaprojects Integrated government action — linking economic diplomacy with global partners and supported by new regulatory frameworks — is driving this transformation, which aims to boost transparency, accelerate project delivery, and diversify national income sources. A Ministerial Committee for Monitoring Agreements with China has held 22 meetings to fast-track projects and remove obstacles. Progress has already been made on the Mubarak Al Kabeer Port project, with the execution contract signed in March. Environmental cooperation includes afforestation programmes, ecosystem rehabilitation, and land reclamation. Kuwait has also elevated its historic ties with Japan to a comprehensive strategic partnership, expanding cooperation across trade, investment, renewable energy, and petrochemicals. Major power and infrastructure projects Among the largest projects under way are the second and third phases of the Al Zour North Power Plant, designed to meet rising demand for power and water. The project encourages private sector participation to cut costs, accelerate completion, and optimise resource use — reflecting the government's broader push to integrate private capital into infrastructure development. Kuwait's 2025–26 development plan, approved in March, includes 124 projects: 69 under ministries, 21 with affiliated entities, and 34 with independent institutions, making it one of the country's most ambitious pipelines. Reforms to boost investment The government has rolled out wide-ranging reforms, including: A new real estate brokerage system A smart licensing project Amendments to the Companies Law A taxation framework for multinational groups Launch of the Real Estate Developer System Kuwait has also advanced the third phase of its Capital Market Development Program, a key step toward upgrading to advanced emerging market status and boosting investor confidence. Global institutions lift outlook The World Bank projects Kuwait's economy will rebound to 2.2 per cent in 2025, driven by infrastructure projects, OPEC+ production adjustments, and non-oil sector growth. Growth is forecast to stabilise at 2.7 per cent between 2026–27. S&P Global Ratings expects continued growth supported by reforms, while EFG Hermes highlighted improved decision-making and raised its forecast for banking sector expansion starting from 2026. Leadership commitment Prime Minister Sheikh Ahmad Abdullah Al Ahmad Al Sabah said positive economic indicators and rising foreign investment confirm the government's determination to deliver on its development goals. He stressed that the progress reflects the vision of the Amir Sheikh Meshal Al Ahmad Al Jaber Al Sabah, adding that the reforms and mega projects will reinforce Kuwait's position as a regional investment hub.
Tahawul Tech
5 hours ago
- Tahawul Tech
AI psychosis Archives
'From AI-powered productivity to immersive gaming, we want every student to have the tools they need to succeed'. Learn more about @ASUS_MiddleEast's back-to-school 2025 offer below. #ASUS #tahawultech #BackToSchool2025
