This Law consisting of 48 articles aims to provide with respect to Public-Private Partnerships (PPP) in Kuwait and replaces Law No.7 of 2008.A public Authority called Kuwait Authority for Partnership Projects shall be established. Authority’s board of directors shall be the Higher Committee for Public-Private Partnership Projects. Established by a decree, it is chaired by the Minister of Finance. Main tasks of the Higher Committee are (i) setting the general policies for projects and initiatives of strategic importance to the national economy; (ii) approving the Authority’s proposed budget and final accounts; (iii) identifying the relevant Public Entity which shall participate in the procurement of the project with the Authority; and (iv) approving the requests for the allocation of land necessary for the implementation of PPP Projects. The decisions of the Higher Committee need to be approved by the Minister of Finance. The Authority shall collaborate and cooperate with the Public Entities for the implementation of PPP Projects.The Law deals also with (i) projects existing before the entry of this Law into force; (ii) announcement and projects procurement procedures; (iii) incorporation of the project companies; (iv) investment term and transfer of the project to the State; (v) initiative and distinguished projects; (vi) project finance; (vii) dissolution of the Company or assignment of the project; (viii) substitution of the investor; (ix) hindered projects; (x) incentives and exemptions; (xi) dispute resolution; (xii) grievance; (xiii) relevant Minister’s report; and (xiv) cancellation of the project.
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