The Investment Studies Center (ISC) at Union of Investment Companies (UIC), in collaboration with Euromoney held a training program titled “Infrastructure Finance & Private Public Partnership (PPP)" during the period (Sunday - Tuesday) 23rd – 25th September 2018 at JW Marriott Hotel Kuwait. Ms. Margaret Osius delivered the course to the delegates.
In this regard, Ms. Fadwa Darwish, ISC Acting Director & Director of Technical Support at UIC reported that, this is the second time for ISC to organize this program during the same year upon request of interested banks and investment companies, especially after the success of the first version of the program in January 2018.
It is always worthy to refer to the participation of candidates from Kuwait Authority for Partnership Projects (KAPP), the matter that allowed a unique opportunity to contribute to the communication and dialogue between the public and private sectors on the mechanism of implementing the partnership between them on the projects to be implemented within the framework of Kuwait plan in this area.
Also, Ms. Darwish added that the importance of this course blooms from the fact that Kuwait is expanding much needed infrastructure in power, water, transportation and housing – with billions in private investment required in the power sector alone to boost capacity.
The country’s new PPP Law is a powerful step in reinvigorating interest and boosting such investment. It streamlines the application system, and offers meaningful specific incentives on a project-by-project basis.
Against this backdrop of positive government support and change it is exciting to conduct training on best global practices when financings such transactions.
At the end of the training program, participants were awarded certificates. They were from the following entities: Kuwait Authority for Partnership Projects (KAPP), The National Bank of Kuwait (NBK), Al Ahli Bank of Kuwait (ABK), Boubyan Bank.