HE Minister of Commerce and Industry Ali bin Ahmed Al Kuwari has praised the law regulating the partnership between the public and private sectors, which was issued by HH the Amir Sheikh Tamim bin Hamad Al-Thani, stressing that the law translates the belief and confidence of the wise leadership in the ability of the Qatari private sector to participate effectively in the economic development of the State of Qatar.
His Excellency said in a press statement on this occasion, that the issuance of this law culminates in the process the fruitful and constructive cooperation between the public and private sectors, which contributed to the consolidation of the strength of the Qatari economy despite various regional and global challenges.
His Excellency also noted that the law is an important step to expand investment prospects in the State of Qatar and provide more opportunities for cooperation between the public and private sectors to implement development projects that entrench the economic diversity of the state, and on the other hand provides 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.
His Excellency pointed out that the state has sought for several years to adopt the principle of partnership between the public and private sectors in the implementation of many major development projects, in coordination with all government agencies and private sector companies and institutions, either directly or through government committees affiliated with them, such as food security projects, building educational and health facilities, central markets, logistics areas and low-cost warehouses.
In a related context, the Ministry of Commerce and Industry shed light on the law regulating the partnership between the public and private sectors, and considered it an important step in order to support the private sector and activate its role in building the strength of the national economy and contribute to the path of the State of Qatar towards achieving its national vision 2030.
The Ministry explained that the partnership between the public and private sectors is defined as one of the forms of cooperation between the two sectors, through which mechanisms are put in place that allow 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 stated that this 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 the lowest costs.
The Ministry of Commerce and Industry stated that this law was prepared in the light of studies conducted by the Ministry in coordination with Qatar Chamber of Commerce and all relevant government agencies with the aim of studying the current situation of the business environment in the State of Qatar and identifying priority sectors for partnership projects and the readiness of government agencies and private sector institutions to enter into partnerships to implement these projects, in addition to discussing ways to raise the challenges facing the two sectors in this field, inventory current laws, legislations and policies, analyze their performance in the field of partnership between the two parties, as well as study the capabilities and expertise available on both sides.
The Ministry 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, according to the model and method of partnership adopted by the two parties in accordance with the project policy and the goals that the contracting authority (government agency) aspires to achieve.
The Ministry also stressed the importance of this law in achieving success and expansion of business, in addition to setting effective solutions for economic and social challenges and providing incentives for the Qatari private sector in order to participate in economic development projects, and creating a dynamic business environment that will enhance the performance of the government sector and support the future direction of evaluation of services according to economic rules, establish partnerships and cooperation between large, small and medium-sized companies with the public sector, and encourage competition, innovation and consumer protection.
The Ministry of Commerce and Industry provided a detailed explanation of the concept of partnership between the two sectors defined by the law, the nature of this partnership, its mechanisms and conditions, and other issues detailed in the said law.
Source: Qatar News Agency
Image credit: MOCI
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