Pre‐requisites for infrastructure public‐private partnerships in oil‐exporting countries: The case of Saudi Arabia

IF 2.6 3区管理学 Q2 DEVELOPMENT STUDIES

Public Administration and Development Pub Date : 2023-05-30 DOI:10.1002/pad.2021

Mhamed Biygautane

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引用次数: 1

Abstract

Abstract The evolution of public‐private partnerships (PPPs) within oil‐exporting states has not attracted sufficient attention from PPP scholars. Particularly, the Gulf‐Cooperation Council (GCC) states such as Saudi Arabia which has had a prolonged history of state‐led economic development and public funding of infrastructure projects is an interesting empirical context to explore how PPPs can become an instrument for infrastructure delivery. Plummeting oil prices since 2014 have urged Saudi Arabia to identify new forms of project organizing such as PPPs. The underlying argument of this paper is that delivering projects through the PPP route necessitates major reforms to the existing legal and regulatory frameworks, establishing relevant institutional support in the form of a PPP unit and developing a friendly business environment that could attract foreign investors to the country. This field report outlines the key reforms enacted by the Saudi government, and highlights pressing challenges that need to be addressed to drastically enhance Saudi Arabia's investment climate and enable the private sector's financing of mega‐infrastructure projects.

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石油出口国基础设施公私合作的先决条件:以沙特阿拉伯为例

石油出口国公私伙伴关系(PPP)的演变尚未引起PPP学者的足够重视。特别是，海湾合作委员会(GCC)国家，如沙特阿拉伯，在国家主导的经济发展和基础设施项目的公共资金方面有着悠久的历史，这是一个有趣的经验背景，可以探索公私合作伙伴关系如何成为基础设施交付的工具。自2014年以来，油价暴跌促使沙特阿拉伯寻找新的项目组织形式，如公私合作伙伴关系。本文的基本论点是，通过PPP路线实施项目需要对现有法律和监管框架进行重大改革，以PPP单位的形式建立相关的制度支持，并创造一个友好的商业环境，以吸引外国投资者进入该国。本实地报告概述了沙特政府实施的关键改革，并强调了需要解决的紧迫挑战，以大幅改善沙特阿拉伯的投资环境，并使私营部门能够为大型基础设施项目融资。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Public Administration and Development Social Sciences-Development

CiteScore

3.30

自引率

12.00%

发文量

期刊介绍： Since its founding in 1949, Public Administration and Development (PAD) has been reviewing and assessing the practice of public administration at the local, regional, national and international levels where it is directed to managing development processes in low and medium income countries. It gives special attention to investigations of the management of all phases of public policy formulation and implementation which have an interest and importance beyond a particular government and state. PAD has a particular interest in the link between public administration practice and management research and provides a professional and academic forum for reporting on new experiences and experiments. PAD also publishes articles on development management research in the NGO sector. It is widely read by academics and practitioners alike, including consultants, donors and policy advisers. With its case study approach, it is also frequently used for teaching and training purposes.