PPPs drive national development, support socio-economic sector growth

PPPs drive national development, support socio-economic sector growth

DUBAI — Public-private partnerships (PPPs) are an essential tool to accommodate and advance Middle Eastern infrastructure requirements. When planned, designed, and implemented prudently, they can contribute to national development and support growth across all socio-economic sectors, benefitting public and private sector players.Arthur D. Little expounds this viewpoint in their latest report entitled Successful Public-Private Partnerships: How countries should set up an effective ecosystem for public-private partnerships. The document is rich in insights outlining how specific requirements should be considered throughout the planning, structuring, and implementation phases of such projects.There are also key directions for how the private sector can spur innovation, exploring sector and country level initiatives as they are articulated across four main ecosystem levers — governance, strategy, transaction process, and implementation/monitoring.The consultancy highlights the growing gap between infrastructure spending and needs, despite the critical nature of infrastructure regarding economic and social development. In order to mitigate this void and cope with spending limitations, governments are advised to involve the private sector where possible, which can bring additional financial support, increased