The Ministry of Transport and Communications (MoTC) organised a workshop on “Private Sector Participation Strategy for Qatar’s Transport Projects in Qatar”, in which the Ministry of Finance, Qatar Chamber, Qatar National Bank (QNB) and Qatar Businessmen Association participated.
HE the Director of the MoTC Technical Affairs Department, Sheikh Mohamed bin Khalid al-Thani, said that the strategy reflects the vision of the country’s leadership in supporting the private sector in order to make it a fundamental asset for the national economy, by involving it in the nationwide development process, thus achieving Qatar National Vision 2030.
This is part of the State’s keenness to develop the policies, standards, regulation and programmes that encourage the private sector’s participation in Qatar’s economic development projects, he said.
He said the MoTC has given an ideal example of promoting a broader private sector participation in mobility projects.
This helps enrich Qatar’s private sector investment approach and thereby localise expertise and applied technology, he noted.
He also noted that the workshop aims to clarify the efforts that are being made by the ministry to involve the private sector in the implementation of projects, and to present these efforts to the largest group of stakeholders, in addition to ensuring the adoption of projects that add real value to the development of Qatar. The Director of the MoTC Technical Affairs Department added that it is time to expand the private sector participation in all eligible government projects, particularly transport and communication, suitable for this partnership.
He stressed the importance of an environment and legal and regulatory framework to ensure the success of such an effort, as well as encouraging all relevant parties to develop an appropriate legal environment that supports the strategy of private sector participation in the State’s projects. The MoTC had finalised a consultancy study on the project, “Private Sector Participation Strategy for Qatar’s Transport Projects in Qatar.”
The new strategy includes a guide that explains the framework and mechanism of the private sector’s participation in rail, land, maritime and aviation transport projects.
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