DUBAI, UAE, April 19, 2011 /PRNewswire/ --
- Major Opportunities for PPPs Available in Kuwait's Market, Driven by the $100bn National 5-Year Plan.
In its strategy to promote and support increased private-sector participation in infrastructure development, the Government of Kuwait has established a Public Private Partnership (PPP) program providing significant investment and financing opportunities for the private sector. Through the implementation of the High Committee and the Partnerships Technical Bureau (PTB), the Kuwaiti government has established the perfect environment to promote its mega-projects to the private sector.
Adel Al-Roumi, President of PTB Kuwait stated that "with over $25 billion worth of projects recently been announced or under development, the PTB is the focal point for Kuwait's PPP program and is involved in all phases of PPP projects, from inception to financial close". Mr. Al-Roumi, will speak at the high-profile PPP Investment Summit Kuwait taking place between 8-11 May at the Hilton Kuwait Resort. Organised by International Quality and Productivity Centre (IQPC) and developed in partnership with PTB, the four-day summit will provide an update on the investment and financing opportunities in Kuwait and exchange best practices to develop successful PPP projects.
During the inaugural and keynote speech on Monday 9 May, Adel Al-Roumi will discuss the next 10-15 years of investments and projects in Kuwait. He will highlight the key challenges of PPP projects and the solutions implemented by PTB to provide a favorable environment for implementing development projects and facilitate partnerships between the public and private sectors.
Mr. Al-Roumi will be joined by national and international PPP experts such as Dr. Hashem Al-Tabtabaei, PTB's Technical Leader, Rania Zayed, Director of PPP Central Unit at Egypt Ministry of Finance, Eng. Ghalib Safouq, Director of Mega Projects Follow-up Administration for Kuwait's Ministry of Public Works, Prof. Dr. Kim Jraiw, Technical Project Manager at UN-Kuwait National and Integrated Transport Strategy 2010-2020 and Mahdi Saleh Al Dakheel, Director of Projects Department, Directorate General of Civil Aviation, Kuwait.
Leading financial, legal and accounting firms as well as international developers will also share their expertise of PPP projects within the region. As one of the region's leading infrastructure project developers, Kharafi National is involved in both BOT and PPP projects which provide a business life and income streams that are much longer than those yielded by typical construction projects. The summit's gold sponsor will share its expertise on the financing, design, procurement, construction, testing and commissioning of major infrastructure projects'
Silver sponsor of the event, HSBC is a trusted adviser to regional government procurement authorities and private sector developers. The bank specialises in providing end-to-end advisory from concept or bid development and advises on tender phase strategy, commercial and financial structuring for PPP projects in the Middle East. HSBC's Project Finance Director will discuss the evolution of infrastructure procurement in the region and the impact of transformational developments in the global financial sector.
Associate sponsor of the exclusive meeting, the Partner and Head of Al Tamimi & Company, Advocates and Legal Consultants Kuwait office will lead discussions on legal and contractual structure and challenges under the PPP law. Also confirmed as associate sponsor, Ernst & Young's Partner and Head of MENA Infrastructure and PPP Advisory Services will share best practice strategies for PPP project risk management.
Coffee sponsor for the summit, ACWA Power International President and CEO will share his knowledge of independent water and power projects structured on a concession or utility outsourcing contract model.
About International Quality and Productivity Centre (IQPC Middle East:
For over thirty years, IQPC has helped the world's leading corporations solve their business challenges through the sharing of practical industry solutions and global best practice. In the process, the company has built a formidable reputation for quality and value. During this time, the Middle East's most progressive companies have benefited from IQPC's unrivalled global reach, which has connected international expertise with regional and local leaders. For more information, visit http://www.iqpc.ae
For more information, please contact Chichi Osuagwu Marketing Manager International Quality and Productivity Centre Middle East T: +971-4-364-2975 F: +971-4-363-1938 [email protected]
SOURCE IQPC Middle East