Qatar’s PPP Law to support the private sector & foreign investments

By Shilpa Annie Joseph, Official Reporter
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Qatar’s PPP Law will significantly contribute to accelerate the country’s huge infrastructure development and provide greater support for the private sector and foreign investments, according to Mr. Saleh bin Hamad Al-Sharqi, General Manager of Qatar Chamber (QC).

The law paves the way for the introduction of a number of investment projects in Qatar in a variety of areas, including healthcare, sports, tourism, and education.

Mr. Al-Sharqi has noted that the law allows the private sector to profit from the public sector’s administrative and technical expertise as well as finance capacity in collaborative ventures.

Saleh bin Hamad Al-Sharqi
Saleh bin Hamad Al-Sharqi
GM – Qatar Chamber

“The partnership between public and private sectors will help in fostering Qatar’s position as a leading international center for business and investments, as well as supporting the implementation of projects connected to Qatar’s 2030 Vision and the 2022 World Cup. The involvement of the private sector in PPP projects will be greater in the upcoming period, especially that the private sector enjoys substantial support from the wise leadership and the Qatari government.”

Further, the QC General Manager stressed that Qatar Chamber’s interest in developing the SMEs was based on its importance in country’s economic development and job creation in the local market. “Continuing coordination and co-operation exist with QDB and other bodies that provide support to SMEs, such as QDB and other bodies.,” he further added.

According to Mr. Al-Sharqi, the chamber has launched a host of services and initiatives that are of significant advantage to the interests of the private sector. These include the launch of many electronic services on the Qatar Chamber’s website, such as issuing certificates of origin and document attestation.

Related: Qatar Chamber encourages efforts to increase joint Arab investment; Chairman