Dubai PR Network, Online Press Release from Dubai and Middle East
 
Oil & Gas(Energy and Industry)
Filter PR by
  
Public-Private Partnerships to boost Economic development in the Gulf
 

Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies 

Dubai, United Arab Emirates, 07 August 2018:  In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report by Oliver Wyman.  

Titled “How Public-Private Partnerships can support the Gulf’s Economic development,” the report highlights the significance of the private sector’s contribution to the emerging economies. Public-Private-Partnerships (PPPs) stand among the main levers being considered in the Gulf as a means to boost private sector contribution to the economy and to offload some of the financing burden from the government onto private investors. 

Since the early 1990s,  Gulf nations have been turning to the Public-Private-Partnership model to attract international investors, to energise the private sector and to develop local talent. These countries - through their national development programmes - aspire to attain world-class infrastructure within the next 15 to 20 years, in order to support the growth of their economies and populations. 

Such programmes will aim to diversify the economies away from oil and gas whilst ensuring key sectors such as energy, transportation, healthcare and education, remain of world-class quality. According to the report, the establishment of the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia and the construction of the Burj Khalifa in Dubai are both noteworthy examples of Public-Private-Partnership successes.

“Although PPP ventures have faced numerous challenges in the past, their increased adoption in the region is a positive signal given the current economic environment,” said Jeff Youssef, Partner, Financial Services, Oliver Wyman.

“For these partnerships to flourish, a clear model that captures private and public sector objectives is required to ensure the smooth transition for successful PPP ventures. Initially, PPP projects should be aligned with national strategic objectives. Governments need to agree on which benefits to capture from partnering with private sector entities and define an operating model accordingly,” he added. 

Gulf countries have seen a string of PPP projects going live with regained private sector attention. However, benefits from such efforts may come with fundamental challenges if areas such as political consistency, legislation, regulation and communications are not addressed.


Posted by : Dubai PR Network Editorial Team
Viewed 30939 times
PR Category : Energy and Industry
Posted on : Tuesday, August 7, 2018  4:12:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Quote of Dr. Layla Mohamed Al Marzouqi
Next Story : The Sustainable City further reduces its carbon footprint by...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Purely Pandora Classics With a Twist [30177-Views]
Tryano Launches Elemis [25803-Views]
Festive Gifting Guide [25394-Views]
New 1948 Seamaster Watches Join the Ranks [24534-Views]
Add a festive sparkle to your eyes with Palladio Beauty [24302-Views]
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Geo-Graham O... [23772-Views]
Amp up your skincare routine with The Organic Pharmacy's new corrective serums [22808-Views]
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Malkin and T... [20874-Views]
Hour Choice presents Coach Park Collection [19532-Views]
Certina DS PH200M collection [18727-Views]
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this festive sea... [18105-Views]
Tissot T-Race Marc Marquez [17422-Views]
LACOSTE presents its new Legacy collection [15915-Views]
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festive season [14341-Views]
Souq.com's Biggest Ever White Friday Sale [9394-Views]
Discovering the power of Accessorizing with Rebecca Minkoff [7680-Views]
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Special-edition ... [6734-Views]
Introducing Nokia 3.1 Plus to the UAE [6643-Views]
Introducing the GUESS Holiday 2018 Collection [6625-Views]
Zoho launches its cloud accounting software in Bahrain [6588-Views]
Puma Launches RS-X Toys [6551-Views]
The Ultimate Festive Guide For Little Ones [6521-Views]
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei with the Fi... [6265-Views]
Puma Drops Cali in New Colorway [6015-Views]
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and programmes featur... [5435-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories