Yemeni Government Establishes Unit to Manage Public-Private Partnerships and Attract Investments
Yemen Monitor / Newsroom:
The Yemeni government has approved the establishment of a specialized unit to regulate public-private partnership (PPP) projects, in a move aimed at boosting investment and improving funding for service and development projects in a country suffering from a severe economic crisis caused by war and declining public revenues.
The decision, issued by Prime Minister Shayea Al-Zindani, stipulates the creation of a “Public-Private Partnership Unit” and grants it broad executive and supervisory powers to oversee all stages of project preparation and implementation. These responsibilities include setting priorities, conducting economic feasibility studies, managing contracting and procurement procedures, and monitoring implementation and performance evaluation.
The government said the new unit would help build a more efficient institutional framework capable of absorbing private investments, thereby supporting economic development, improving essential services, and creating job opportunities, amid the urgent need for alternative funding sources for vital projects.
According to the decision, the unit will also provide technical support to contracting authorities, implement training programs to develop personnel and improve the capabilities of local companies, and enhance mechanisms for exchanging expertise and knowledge in the field of investment partnerships.
The unit has additionally been tasked with creating a centralized database for projects and partnerships to strengthen transparency, information flow, and institutional oversight. It will also be required to submit periodic reports to the partnership committee evaluating project progress and the challenges facing implementation.
