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Mon 7 Nov 2016 06:04 PM

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Qatar Chamber of Commerce calls for more PPPs as gov’t prepares law

Industrial sector highlighted as having potential for public-private-partnerships

Qatar Chamber of Commerce calls for more PPPs as gov’t prepares law

Qatar has begun drafting fresh legislation governing partnerships between the public and private sectors to help spur economic growth, the chairman of Qatar Chamber of Commerce and Industry has revealed.

Sheikh Khalifa bin Jassim bin Mohammed Al Thani told Arabic daily Al Sharq that the Qatari government had started the process of creating a ‘PPP’ (public-private-partnership) law, as the country calls on both sectors to work together more efficiently to complete projects and boost GDP.

Sheikh Khalifa also praised the country’s prime minister for introducing new fiscal policies to fight inflation, ease liquidity pressure and strengthen the banking sector to keep the economy afloat during an era of low oil prices.

And he highlighted the industrial sector as a key industry for driving future economic growth, according to state news agency QNA. PPPs would be one way of boosting investment in such projects, he said.

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