The New Kuwait PPP Law
Analysis
The New PPP Law has been passed to codify some of the techniques applied in Az-Zour and to attract new investors to Kuwait by providing a more comprehensive road map and guidance in the implementation and operation of future mega projects. This article provides a brief overview of some of the key features of the New PPP Law.
The New PPP Law has introduced the Supreme Committee which has been decreed to have broad powers such as carrying out project tendering, approving projects, developing general policies and approving detailed documents for projects and initiatives (including unsolicited proposals of strategic importance to the national economy of Kuwait). The Committee is also responsible for selecting the relevant public entity to participate in the project and sign the relevant PPP contract determined to be in public's best interest.