The Minister of Planning and International Cooperation, Mr. Nasser Shraideh, revealed that the government will be launching the National Registry of Investment Projects (NRIP) next month. The NRIP will be managed by the Public Investment Management Unit (PIM Unit) at the Ministry.

The Minister of Planning and International Cooperation stated that the NRIP will manage follow-up, preparation, planning, and implementation for public projects at a strategic level. It will also further enhance the management process for Public Investment projects and the partnership between the public and private sectors.

Shraideh went on to explain that the registry will provide comprehensive data for all government investment projects, as well as preserve, archive, and organize documents studies, and reports for these projects. The registry will also determine priorities and monitor performance indicators during various stages of the project with the overall goal of improving the quality of outputs and achieving developmental goals in line with outlined financial costs and approved timelines in an effort to better manage and control public expenditure.

Shraideh stated, in an exclusive interview with Al-Rai Newspaper, that the registry will contain two main databases, namely: a database for government investment projects, and a database for public–private partnership projects with their direct and indirect financial obligations.

As part of the new system, a committee for government investment projects will be formed, and the PIM unit at MoPIC will oversee the day to day management of the NRIP, the updating of update its data, and overall supervision.

In 2016 the Government agreed to establish a unit to manage government public investments at MoPIC. This was followed by a review of legislations and the development of a new proposed system for managing governmental public investments based on best practices in the field.