UAE on solid track to achieve its agenda

ABU DHABI: The new law on public-private partnership (PPP) will put the UAE well on its way to achieving its agenda in implementing a sustainable and competitive economy based on knowledge, expertise, and diversity, stated Massimo Falcioni, CEO of Etihad Credit Insurance, the UAE Federal export credit company.

“With the new law on public-private partnership (PPP) as announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the UAE will be very well on its way to achieving its agenda in implementing a sustainable, competitive-economy based on knowledge, expertise, and diversity. PPPS boost efficiency, increase transparency in funds management, simplify processes that have cost implications, and integrate technologies of both government entities and private partners, said Falcioni in a statement regarding the new law.

“Inspired by the wise leadership’s vision to increase the role of the private sector in the development of the national economy, Etihad Credit Insurance, the UAE Federal export credit company has been rolling out initiatives that encourage the private sector to engage in developmental and economic projects that improve the quality of lives of present and future generations.’’

“Over the last few months, ECI has partnered withprivatecompaniesandgovernmentinstitutions to enhance public infrastructures in and outside the UAE. We have recently supported a major project in the Republic of Senegal to strengthen its national emergency response infrastructure benefiting millions of Senegalese,’’ he added.