Middle Eastern nations warm up to PPP model to accelerate development projects

Middle Eastern nations warm up to PPP model to accelerate development projects

Saudi Arabia to set up 20,000 hospital beds and 224 health centres across the Kingdom in line with its Vision 2030 and the projects are worth SR48 (Dh46.99) billion

Dr Ibrahim Al Omar, deputy assistant minister for investment development, compliance and director-general of Private Sector Participation Programme, Ministry of Health, Kingdom of Saudi Arabia (KSA), addressing the forum. — Supplied photo

Published: Wed 23 Feb 2022, 7:19 PM

Saudi Arabia to set up 20,000 hospital beds and 224 health centres across the Kingdom in line with its Vision 2030 and the projects are worth SR48 (Dh46.99) billion

Middle Eastern countries could utilise public-private partnership (PPP) model to execute large scale infrastructure projects that will reduce the financial burden on the governments to fund these projects, where the private sector brings in the financial and technical resources, according to officials at the 2nd Public-Private Partnership (PPP) Mena conference, which is being held in Dubai on Wednesday and Thursday.

Governments of the Middle Eastern countries are increasingly relying on private capital and private sector resources to build and expand physical infrastructure such as roads, highways, bridges, utility, energy, power, civil aviation and telecom sectors. Across the Middle East and the North Africa (Mena) region, PPP pipelines are