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The Prospect of Infrastructure Public‐Private Partnerships in Kuwait, Saudi Arabia, and Qatar: Transforming Challenges into Opportunities

Year: 2016

Type: article

Abstract: This article examines the prospect of using infrastructure public‐private partnerships (PPPs) within Kuwait, Saudi Arabia, and Qatar in light of the drastic drop in oil prices since mid‐2014. It argues that, while PPPs appear to be a strategic policy option for the three Gulf Cooperation Council (GCC) states to tackle growing fiscal deficits, these states are constrained by numerous governance‐related, administrative, and regulatory challenges that make PPPs problematic. Effective implementation of the inherently complex and contractual PPP policy requires addressing the existing institutional, economic, bureaucratic, and cultural constraints within these three states. This article concludes with recommendations to mitigate these challenges, that require serious political will and sufficient time to yield positive results, and to attract international investors and contractors to the Gulf region. © 2016 Wiley Periodicals, Inc.

Source: Thunderbird International Business Review

DOI: 10.1002/tie.21853

Authors: Mhamed Biygautane, Graeme Hodge, Paula Gerber

Institution: Monash University

Language: English

Topic: Public-Private Partnership Projects

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Partnerships for the goals, Peace, justice, and strong institutions

Open Access status: bronze

OpenAlex ID: W2521867764

FWCI: 6.386

Cites: 61

Cited by: 33

Related to: 10