CAIRO – The Finance Ministry is playing host to the third round of the public-private partnerships in the MENA region forum on March 19-20.
The two-day event will be attended and sponsored by Prime Minister Moustafa Madbouli, in the presence of several ministers and senior officials.
In a statement according to MENA, Finance Minister Mohamed Maait asserted the forum is a key regional platform for the most prominent local, regional and international leaders and specialists in PPP domain in order to achieve comprehensive growth in the region.
It is also a good chance for probing active policies of PPP projects in infrastructure, organizational frameworks, long-running financing for national projects, PPP laws and the best world practices and mechanisms for transition to a green economy, said Maait.
The finance minister said the private sector is considered a main partner in achieving development nationwide.
Public-private partnerships in the MENA region have seen a considerable growth across numerous sectors, especially in those of energy, infrastructure, healthcare, transportation, and education.
Recently, several PPP investment opportunities have been launched in the region to ensure the delivery of key services and drive socio-economic development.
Over 240 PPP projects worth an estimated US$223 billion are under development in the MENA region, focusing on the healthcare, infrastructure, power, and construction sectors.
Despite the increase in the investment opportunities and rise in PPP projects, the sector still faces some key challenges including effective contractual models, new forms of project finances, strong regulatory frameworks and policies that need to be developed by governments to further drive partnerships with the private sector.
In line with this, the 3rd PPP MENA Forum will focus on the integration of new and innovative partnership models and launch of new projects for the region’s socio-economic growth.
The forum will discuss effective policies for infrastructure PPP projects, governance and transparency, security of the regulatory framework, long-term private funding for national projects, and global PPP laws and best practices.
The forum will host over 300 regional and international senior PPP professionals, experts, and project owners, developers, operators, consultants, investors, and financial institutions.
