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Dubai: The UAE Cabinet announced a new law on Public-Private Partnerships (PPP) to increase the role of the private sector in the development of the economy.
The Act aims to create opportunities for the private sector to participate in developmental, economic and social projects. It is expected to increase private sector investment in projects of economic and social value and increase competitiveness in local and global markets. The UAE has topped the Public-Private Partnership Index on a global basis on several occasions.
At various times, the country has adopted several legal reforms that have helped in the development and advancement of both the public and private sectors.
