IPFA Middle East: Dubai: Saudi Arabia: a new era for PPPs?

Saudi Arabia has been considered for many years as primarily an oil based economy, thereby providing Saudi with large fiscal surpluses to propel its ambitious economic expansion. The Saudi Arabian government, for the first time, are encountering a new and very real challenge to infrastructure project funding in this post oil boom economy. Consequently, PPPs have become increasingly attractive as a procurement model to provide value-for-money in large and complex infrastructure projects. Vision 2030 set out ambitions to use private sector finance to deliver public services through PPPs, concession-based procurement models and privatization. Read more