In a significant step, the UAE hosted the first-ever BRICS Finance Track Working Group Taskforce on public-private partnership and infrastructure. This milestone gathering took place from May 5-6 in Abu Dhabi, demonstrating the UAE’s rising global role.
The meeting saw the participation of prominent government officials, renowned international experts, major global financial institutions, and private sector leaders. Notably, it was the first BRICS event ever held in the UAE, underscoring its growing importance in international economic collaboration.
The Ministry of Finance hosted an exclusive seminar titled “A New Era of Growth: Reimagining Infrastructure Financing in BRICS Countries”. During the seminar, attendees explored innovative financing methods for infrastructure projects, placing special emphasis on public-private partnerships.
Following the seminar, the visiting delegation toured Masdar City. Participants received insights into leading infrastructure projects developed via public-private partnerships, particularly in energy, sustainability, and transportation. This showcased the UAE’s strong dedication to pioneering effective infrastructure financing solutions.
Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, highlighted that the event signifies the UAE’s strong commitment to innovative infrastructure financing. He noted, “Strengthening partnerships between the public and private sectors is a top priority for the UAE’s vision.” AlKhoori stressed that such partnerships ensure sustainable growth and alignment with future economic needs.
He added, “Innovative infrastructure financing” is crucial for strategic projects in education, healthcare, clean energy, and transportation sectors. AlKhoori affirmed these investments must deliver long-lasting social and environmental benefits alongside financial returns.
Meanwhile, Brazilian Ambassador Tatiana Rosito expressed deep gratitude to the UAE for hosting the event. She remarked, “I am confident this seminar will strengthen our cooperation and advance our shared goal of financing impactful infrastructure projects.” The importance of collaboration was evident in her appreciation.
Rosito emphasized that the Taskforce meeting symbolizes a shared aspiration among nations to deepen collaboration. She stated it’s essential to foster stronger bilateral and multilateral relations through infrastructure development.
Ahmed Baghoum, CEO of Masdar City, highlighted the importance of the BRICS delegation’s visit. He said, “This visit reflects our global reputation as a leading hub for developing sustainable public-private partnership projects.”
Baghoum showcased significant initiatives including the headquarters of Siemens Energy and the International Renewable Energy Agency (IRENA). He further highlighted the Mohamed bin Zayed University of Artificial Intelligence as a crucial development project.
He continued, “More than just milestones, these projects reflect our country’s commitment to advanced infrastructure financing solutions.” Baghoum firmly believes global cooperation is essential for achieving sustainable development and balancing economic and social impacts.
The seminar featured dynamic discussions addressing key opportunities and challenges in infrastructure financing. Sessions explored innovative financing models for social infrastructure projects like housing, education, and healthcare in BRICS nations.
The gathering marked a critical moment, bringing together global leaders and stakeholders focused on infrastructure financing and sustainable development. Through this event, the UAE affirmed its prominent role in driving forward innovative infrastructure financing on a global scale.
