Syria launches draft PPP law

Syria has published a new draft law that will enable it to develop public-private partnerships.

The country is one of the last in the region to look to the private sector to fund its infrastructure, but the government has now prepared a set of regulations designed to increase private investment.

Drafted by the country’s central PPP unit, with support from French officials, the law will be presented to the country’s parliament for approval early next year.

Syria hopes the new law will be able to help stimulate economic growth, improving its construction sector and bringing in overseas investment to upgrade its infrastructure.

Last month, fellow Middle Eastern country Lebanon also announced plans to approve a draft PPP law early in 2011.