The Qatar Investment Authority (QIA), the country's sovereign wealth fund, should co-invest with the Asian Infrastructure Investment Bank (AIIB) in PPP (public private partnership) projects in the emerging markets, according to an official in the Ministry of Finance (MOF), Suggesting Qatar could pioneer new partnership model (based on PPP) with AIIB to "strengthen and deepen" co-operation in the region; Saud Abdulla al-Attiyah, deputy undersecretary for economic affairs, MOF, said, "One such example could be to join forces and co-invest with the QIA in the emerging markets for developing roads, power plants and other infrastructure areas."
AIIB’s comprehensive portfolio has more than 142 projects worth $28bn spread across 31 member countries, he said in his keynote address at the AIIB 2021 annual meeting of the board of governors. Qatar is one of the founding members of multilateral development institution.
Dongik Lee, director general, Banking Department, AIIB said both Qatar and it would continue to explore mutual co-operation and financing investment opportunities in the region down the road.
He said AIIB's first corporate strategy (2021-30) has kept focus green infrastructure, connectivity and regional co-operation, technology-enabled infrastructure and private capital mobilisation. It has also set targets on climate financing for 2025 and cross-border connectivity and private sector financing for 2030.
"The PPP has become one of the important subjects in the infrastructure development in the region," he said, adding the member countries are keen to introduce their own PPP models/programmes in the development path.
Saleh bin Majed al-Khulaifi, assistant undersecretary for trade affairs, Ministry of Commerce and Industry, said to be considered a PPP, a project should ideally achieve a minimum financial threshold as total project costs of QR300mn and/or average government commitment of QR10mn on a yearly basis.
Highlighting that the utilities formed the bulk of the PPP projects, he outlined potential and existing projects to be procured through PPP.
The utility projects (under PP) include Al Wakra-Wukair sewage treatment plant, where Qatar is expected to achieve 95% water recovery, he said, adding other projects include independent water and power projects Facility D (QR7bn), Al Kharsaa solar power plant (QR1.7bn), Al Wukair Logistics Park (QR1.7bn) and illumination of public roads with LEDs.
The select social infrastructure projects include the second schools package (QR4.5bn), third schools package (QR4.6bn) and Hamad Medical Corporation offices and parking lots, al-Khulaifi said.
He said the select projects under leisure and tourism include West Bay hotel project (8,000sqm property) and three resorts (Ras Broooq, Fuwairit and Bin Ghanim).
Sheikh Ali Alwaleed al-Thani chief executive of Investment Promotion Agency Qatar, said Qatar is stable and resilient economy, powered by a rigorous diversification agenda, a vibrant environment for innovation and business friendly system.
“Qatar's value propositions are competitive fiscal incentives, stable regulatory regime and support for expatriate labour,” he said in his presentation.
AIIB’s comprehensive portfolio has more than 142 projects worth $28bn spread across 31 member countries, he said in his keynote address at the AIIB 2021 annual meeting of the board of governors. Qatar is one of the founding members of multilateral development institution.
Dongik Lee, director general, Banking Department, AIIB said both Qatar and it would continue to explore mutual co-operation and financing investment opportunities in the region down the road.
He said AIIB's first corporate strategy (2021-30) has kept focus green infrastructure, connectivity and regional co-operation, technology-enabled infrastructure and private capital mobilisation. It has also set targets on climate financing for 2025 and cross-border connectivity and private sector financing for 2030.
"The PPP has become one of the important subjects in the infrastructure development in the region," he said, adding the member countries are keen to introduce their own PPP models/programmes in the development path.
Saleh bin Majed al-Khulaifi, assistant undersecretary for trade affairs, Ministry of Commerce and Industry, said to be considered a PPP, a project should ideally achieve a minimum financial threshold as total project costs of QR300mn and/or average government commitment of QR10mn on a yearly basis.
Highlighting that the utilities formed the bulk of the PPP projects, he outlined potential and existing projects to be procured through PPP.
The utility projects (under PP) include Al Wakra-Wukair sewage treatment plant, where Qatar is expected to achieve 95% water recovery, he said, adding other projects include independent water and power projects Facility D (QR7bn), Al Kharsaa solar power plant (QR1.7bn), Al Wukair Logistics Park (QR1.7bn) and illumination of public roads with LEDs.
The select social infrastructure projects include the second schools package (QR4.5bn), third schools package (QR4.6bn) and Hamad Medical Corporation offices and parking lots, al-Khulaifi said.
He said the select projects under leisure and tourism include West Bay hotel project (8,000sqm property) and three resorts (Ras Broooq, Fuwairit and Bin Ghanim).
Sheikh Ali Alwaleed al-Thani chief executive of Investment Promotion Agency Qatar, said Qatar is stable and resilient economy, powered by a rigorous diversification agenda, a vibrant environment for innovation and business friendly system.
“Qatar's value propositions are competitive fiscal incentives, stable regulatory regime and support for expatriate labour,” he said in his presentation.