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4.4.4. The Legal and Regulatory Framework for Infrastructure Investments ..........................130 4.4.5. The Role of Islamic Finance in Infrastructure Finance............................................................132 4.4.6. Conclusion and Recommendations ..................................................................................................138 4.5. Sudan......................................................................................................................................................... 141 4.5.1. Sudanese Financial Sector and Islamic Finance: An Overview ............................................141 4.5.2. Current Status and Projected Investments in Infrastructure Sectors ..............................143 4.5.3. National Level Policies and Framework of Infrastructure Development .......................144 4.5.4. Legal and Regulatory Framework for Infrastructure Investments ...................................145 4.5.5. Role of Islamic Finance in Infrastructure Finance.....................................................................147 4.5.6. Conclusion and Recommendations ..................................................................................................153 4.6. United Kingdom .................................................................................................................................... 156 4.6.1. UK Financial Sector and Islamic Finance: An Overview..........................................................156 4.6.2. Current Status of Infrastructure and Projected Investments ...............................................157 4.6.3. National Level Policies and Framework of Infrastructure Development .......................158 4.6.4. Legal and Regulatory Framework for Infrastructure Investment......................................160 4.6.5. Role of Islamic Finance in Infrastructure Finance.....................................................................162 4.6.6. Conclusion and Recommendations ..................................................................................................163 5 Policy Recommendations ......................................................................................................................... 165 5.1. Infrastructure Related Strategy and Policies............................................................................. 165 5.1.1. Long, Medium and Short-term Strategies and Plans ................................................................165 5.1.2. PPP Framework ........................................................................................................................................167 5.1.3. Other Institutional Setups ....................................................................................................................167 5.2. Legal and Regulatory framework................................................................................................... 168 5.2.1. Laws/Regulations Governing Private Sector Participation in Infrastructure...............168 5.2.2. Sector-Specific Laws/Regulations ....................................................................................................169 5.2.3. Public Procurement Regime................................................................................................................169 5.2.4. Legal Environment for Islamic Finance..........................................................................................170 5.3. Government and Government Linked Companies ................................................................... 172 5.3.1. Government Budget Support ..............................................................................................................172 5.3.2. Infrastructure Related GLCs................................................................................................................173 5.3.3. Government-Linked Investment Companies (GLICs) ..............................................................173 5.3.4. Providing Support Services .................................................................................................................174 5.4. Islamic Banks ......................................................................................................................................... 174 5.5. Islamic Nonbank Financial Institutions ....................................................................................... 176 5.6. Capital Markets ..................................................................................................................................... 178 5.7. Islamic Social Sector............................................................................................................................ 180