PPPs set to be Featured as a Driving Force for Kuwait Projects in 2011

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IQPC Middle East

Mar 03, 2011, 06:23 ET

DUBAI, UAE, March 3, 2011 /PRNewswire/ -- Before the dramatic turn of events in Egypt in the last few weeks which resulted in a new era for the country - and the region - an important meeting was held with 300 of the key decision makers in Egypt's financial and infrastructure sectors.

The focus of the event was on public private partnerships (PPPs) with a view to finance the country's many large scale energy, housing, urban and utilities development projects. The then Minister of Finance was speaking and the CEOs of Orascom and EFG Hermes - Egypt's own home-grown global finance and project powerhouses - provided a look at the public and private sector involvement in achieving a good pipeline and process for PPP investments in the government.

This focus has now shifted to Kuwait. With the most significant pipeline of PPP projects in the region - valued at US $25 billion for the announced projects alone - and with all sectors focusing on the US $100 billion 5-year plan, the opportunities are countless.

With great opportunities come great concerns, however, especially in understanding better the regulations and legal environment in Kuwait for PPPs and outlining the risks associated with new and potential PPPs announced.

In partnership with Kuwait's Partnerships Technical Bureau (PTB), Ministry of Finance, the International Quality & Productivity Center - an international research firm and the organizer of the Egypt meeting - is repeating its key meeting in Kuwait to bring together the key stakeholders from the government as well as local and international financial and risk management firms with an expertise in PPPs to guide the country's growth and National Plan.

The PPP Investment Summit Kuwait will take place for 8-11 May in Hilton Resorts Kuwait City and key figures attending include Adel Al-Roumi, President of the Partnerships Technical Bureau (PTB), Ministry of Finance, Kuwait and Eng. Gahalib Shlash Safouq, Director, Mega Projects Follow-up Administration, Ministry of Public Works Kuwait. A full line-up of attending dignitaries and experts is available at http://www.pppkuwait.com

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