S&P tells PPP Bulletin: Public-private partnerships could be the solution for the Gulf

Walking_PV-300x200In an opinion piece for specialist magazine PPP Bulletin, Karim Nassif, regional expert and associate director at Standard & Poor’s, suggests the Gulf is on the cusp of a public-private partnership (PPP) revolution.

Given the need to diversity funding sources for crucial infrastructure projects – a result of tighter public-sector purse strings thanks to a continued low oil prices – governments in the Gulf Cooperation Council (GCC) are increasingly turning to PPPs for a solution, explains Nassif.

He highlights that while PPPs are not new to the region – already adopted by multiple utility companies – declining government revenues and recent developments in PPP legislation could see this financing mechanism play an ever greater role in years to come, especially in the renewable energy sector, which has seen investor interest surge in recent years.

The article can be viewed in full here (please note this link lies behind a paywall).

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