Business, Management and Accounting
3 years ago

Saudi Arabia revolutionizes public-private partnerships to boost economy and services.

مجلة العلوم الإقتصادية و الإدارية و القانونية
Public-Private Partnerships Contracts: عـقـود الشراكة بين القطاعين الـعـام والـخـاص
Maha Nasser Alsedrah - Norah Nasser Aldawsari

Paper Summary

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Public-private partnerships in Saudi Arabia are facing challenges due to outdated contracting methods. The country aims to enhance PPP projects through a new regulatory framework to increase private sector participation in the economy. These partnerships help maintain high service levels without burdening the government financially. Saudi Arabia needs to develop its regulatory framework to promote more successful PPPs and overcome obstacles. The main goal is to understand the importance of partnership contracts, learn from Saudi Arabia's experience, and identify the benefits and obstacles of PPPs.