Malhas highlights importance of public-private partnership

AMMAN — Finance Minister Omar Malhas on Thursday  underlined the importance of the partnership between public and private sectors and its role in stimulating the private sector's participation in economic development.

Inaugurating a workshop on public-private partnership, Malhas said the government worked on providing adequate environment to attract private investments to help implement important projects in vital sectors such as water, electricity, renewable energy and transportation.

Under partnership projects, the private sector is tasked with providing necessary funds for these schemes and is responsible for bearing risks related to project establishment, operation and maintenance, in addition to providing services with high quality and competitive prices, in return for achieving proper financial revenues, the minister said.