The UAE’s Ministry of Finance recently hosted the country’s first-ever BRICS event, the BRICS Finance Track Working Group Taskforce on Public-Private Partnership and Infrastructure (TFPPPI). The meeting, held from May 5 to 6 in Abu Dhabi, brought together senior government officials, international experts, representatives of global financial institutions and private sector leaders.

As part of the meeting, the Ministry of Finance organized a high-level seminar titled “A New Era of Growth: Reimagining Infrastructure Financing in BRICS Countries”, where it explored ways to develop innovative mechanisms for financing infrastructure projects and expand public-private partnerships.

On the sidelines of the BRICS meeting, the visiting delegation toured Masdar City, where participants were briefed on leading public-private partnership projects in the UAE across various sectors, including energy, sustainability and transport, showcasing the country’s commitment to implementing effective and innovative solutions in infrastructure development and financing.

The event was attended by Younis Haji AlKhoori, undersecretary of the Ministry of Finance; Antonio Freitas, undersecretary for International Affairs, Brazil Ministry of Finance; Ambassador Tatiana Rosito, Secretary for International Affairs at the Brazilian Ministry of Finance; and Sidney Leon Romero, Brazilian Ambassador to the UAE.

For his part, AlKhoori emphasised that hosting this high-profile BRICS event along with its accompanying seminar showcases the UAE’s growing role as a trusted partner in shaping the future of global economic cooperation and redefining infrastructure financing in collaboration with the private sector, ensuring alignment with both sustainable development priorities and the dynamic requirements of tomorrow’s economy.

Source: Economymiddleeast