22 Jun 2017

Third phase of UAE solar park reaches financial close

A consortium led by Abu Dhabi Future Energy Company (Masdar) has reached financial close for the third phase of the 800MW Mohammed bin Rashid Al Maktoum solar park in Dubai. The parties involved call the deal, which involves seven global and regional financial institutions, a “significant milestone” that will pave

15 Jun 2017

Saudi Arabia, Bahrain invite EoIs for new road, rail causeway

Expressions of Interests have been invited from private sector developers, co-investors, contractors and lenders for the construction of a new road and rail causeway linking Saudi Arabia and Bahrain which is estimated to cost $4 to $5 billion, said a report. The ambitious project, which is aimed at easing congestion

12 Jun 2017

Dubai Chamber conference marks UAE’s Year of Giving

The Dubai Chamber of Commerce and Industry recently hosted its annual Dubai Dialogue conference at its premises, focusing on the UAE’s Year of Giving and highlighting the important role that public-private partnerships can play in achieving the objectives of the national initiative. The event, organised by the Chamber’s Centre for

05 Jun 2017

Major energy industry protocol signed in Oman

The 2017 Oman Energy Industry-Academia R&D (research and development) Protocol has been ratified by Oman’s Ministry of Oil and Gas, Petroleum Development Oman (PDO) and The Research Council (TRA). This has been ratified in an effort to build a vibrant research ecosystem within the country that can deliver the solutions

05 Jun 2017

Qatar likely to issue public-private partnership law by the summer: PwC

Qatar is expected to finalise a new law governing the use of public-private partnerships (PPPs) by the summer and will likely use the model for one of its FIFA World Cup stadiums, according to a new report by global consultancy PricewaterhouseCoopers (PwC). Historically, Gulf governments have funded most of their

31 May 2017

Risk Management for PPP training to be held in Dubai, UAE

All projects aim to successfully deliver products and services to time cost and quality. As a category of Structured Project Finance Deals, most Public Private Partnerships aim to develop a countries infrastructure to deliver a public service over a long period of time. The Public Authorities aim to deliver the

31 May 2017

Public-private sector partnership in health sector key to society’s wellbeing

The Wa’i Award, launched by the Ministry of Health and represented by the Awareness Department, highlighted the positive cooperation between the public and private sectors. The award covered individuals, companies and charities. The competition between both sectors aims at raising the health awareness of all members of society in order

29 May 2017

Mr. Trump visit: US-Saudi deals to bring big business benefits

The visit to Saudi Arabia by Donald J. Trump, and the series of mega deals signed, brings to mind the adage of another American president, Calvin Coolidge: The business of America is business. However, the result of the deals between Riyadh and Washington demonstrates that the business of America is

26 May 2017

Islamic Finance for PPPs training to be held in Dubai by PPP Experts

This course is designed to explain the features of Islamic project finance and highlights the parallels to, and principal differences with, conventional project financing. Common among all Islamic finance structures is that no interest can be charged. Rather, the financier charges a mark-up or shares in the profits of the

24 May 2017

Public-Private Partnerships will help GCC governments achieve key aims

Adopting the Public–Private Partnership (PPP) model for future infrastructure spending would mean GCC governments can save valuable public finances during the current challenging period, according to accountancy and finance body ICAEW. It would also enable them to attract more foreign investment, create jobs and encourage the transfer of skills to