TY - JOUR
T1 - The prospect of infrastructure public-private partnerships in Kuwait, Saudi Arabia, and Qatar
T2 - Transforming challenges into opportunities
AU - Biygautane, Mhamed
AU - Hodge, Graeme
AU - Gerber, Paula
PY - 2018/5
Y1 - 2018/5
N2 - 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.
AB - 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.
KW - Challenges and opportunities
KW - Kuwait, Saudi Arabia, Qatar
KW - Private sector
KW - Public-private partnerships
UR - http://www.scopus.com/inward/record.url?scp=84992488713&partnerID=8YFLogxK
U2 - 10.1002/tie.21853
DO - 10.1002/tie.21853
M3 - Article
AN - SCOPUS:84992488713
SN - 1096-4762
VL - 60
SP - 329
EP - 346
JO - Thunderbird International Business Review
JF - Thunderbird International Business Review
IS - 3
ER -