Al Watan, 19 January 2024: The UAE’s Finance Ministry has announced it has issued Federal Law No. 12/2023, regulating partnerships between the federal public and private sectors.

It came into force on 1 December 2023.

It aims to regulate the partnership between the federal public sector and the private sector in the country and encourage the private sector to participate in development and strategic projects.

It also aims to increase investment in projects of economic, social and service value implemented by the federal public sector and enable the government to implement its strategic projects efficiently and effectively.

In addition, it aims to enable them to benefit from the financial, administrative, organisational, technical and technological capabilities and expertise available in the private sector.

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