03 Jul 2018

Oman looking to the private sector to help raise $15bn for tourism plans by 2020

Oman is aiming to raise $15 billion to invest in its tourism sector by the end of the decade, a top Omani official said adding that the government is hoping that 76 percent of the sum will be generated from the private sector. “We are keen to explore the PPPs

05 Jun 2018

‘Private sector to continue to play key role in economic development’, says Qatar Chamber’s Sheikh Khalifa

The past year has witnessed the resiliency and strength of Qatar’s private sector in overcoming the challenges wrought by the economic blockade imposed against the country by Saudi Arabia, the UAE, Bahrain, and Egypt. According to Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, the country’s private sector will continue

10 May 2018

King opens EBRD’s meeting, forum, highlights dynamic partnership

His Majesty says he would not be satisfied until better living conditions are created for Jordanians His Majesty King Abdullah on Wednesday said his highest priority is achieving a better life for Jordanians and that he would not be satisfied until better living conditions are created for his people. He

07 May 2018

PepsiCo Announces Partnership With Emirates Foundation to Empower Emirati Youth

PepsiCo, the global food and beverage company, has announced a new partnership with Emirates Foundation, a national organization set up by the Abu Dhabi Government to facilitate public-private funded initiatives for the empowerment of youth across the UAE. As a part of the agreement, PepsiCo will offer young and talented

02 May 2018

Public-private partnerships are key for regional development

The United Arab Emirates’ late founder Sheikh Zayed Sultan Al-Nahyan once said: “No matter how many buildings, foundations, schools and hospitals we build, or how many bridges we raise, all these are material entities. The real spirit behind the progress is the human spirit, the able man with his intellect

25 Apr 2018

Saudi privatisation programme targets $10b non-oil revenues by 2020

The initiative targets 14 public-private partnership investments worth 24b to 28b riyals Saudi Arabia aims to generate 35 billion to 40 billion riyals ($9 billion to $11 billion) in non-oil revenues from its privatisation programme by 2020 and create up to 12,000 jobs, according to a document published by the

09 Apr 2018

Madrid-based operator named for 119ha Dubai Safari

Dubai Municipality has named an operator for its 119ha Dubai Safari, the pilot phase of which was launched in December 2017.  Meraas signed an agreement to manage Dubai Safari, and also appointed Parques Reunidos – an international operator of animal parks – to oversee the facility’s day-to-day operations. The public-private partnership

21 Mar 2018

Israeli-based company wants to launch agriculture-based drones from Casselton

An Israeli-based company wants to launch drones from the Casselton Regional Airport.  Elbit Systems, an international defense and electronics company that has a wide range of programs worldwide, has plans to use a drone to survey crops across the upper Midwest that can be used for research, analyzed, and sold

15 Mar 2018

KSA law firm AlSabhan & AlAjaji and Pinsent Mason agree PPP MoU

MoU signed during Crown Prince Mohammed bin Salman’s visit to the UK Saudi law firm AlSabhan & AlAjaji has revealed it has signed a memorandum of understanding (MoU) with international law firm Pinsent Masons during the Saudi-UK CEO Forum, “to facilitate co-operative efforts to develop the Saudi firm’s legal know-how in

15 Mar 2018

Yemen: Insurgents Force 2 Largest Telecom Companies to Pay $75 Mn

The internationally unrecognized government in Yemen has forced the two largest telecommunication companies to pay $75 million to allow their services be extended for another two years, according to informed sources. Two days ago, militias held a meeting in Sana’a with official representatives of Saba Phone and MTN in the