Another Boost to the UAE Economy – New Federal PPP Law

This article was produced by Hadef & Partners, a member of IPFA. 

On 1 December 2023, the long-anticipated Federal PPP Law became effective.  It, among other things: lays down a robust legal framework, addresses the necessary institutional arrangements, and articulates clear roles for the Ministry of Finance and the relevant federal entities and the functions of the project teams for each PPP project; and

This law aims to make federal PPP projects commercially viable and bankable for the private sector, including through government financial guarantees and incentives for private partners to increase the attractiveness of a PPP project.

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