The 2014 slump in oil prices had a significant impact on the finances of Gulf governments; who have in the years since, implemented plans to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure.
These efforts have included a string of Public Private Partnership (PPP) projects going live with regained private sector attention. Without private sector contribution, regional ambitions may well prove unattainable. While Gulf nations have recognised the importance of PPPs, and have laid the foundation for harnessing PPP potential – notably through the establishment of dedicated PPP laws and/or units – the benefits from such efforts may prove short-lived if fundamental challenges in areas such as political consistency, legislation, regulation and communications are not addressed.
Our report takes a look at, how PPP initiatives should continue to focus on the prerequisites for success to avoid becoming short-lived or costly, or both.
