GCC states would benefit by developing infrastructure in partnership with private sector
GCC governments should use public-private partnerships (PPPs) to develop infrastructure projects in order to free public funds for other uses, and share risk with the private sector, according to a report by US consultancy Booz & Company.
The report said that in addition to the two benefits, PPPs would also have economic benefits from improving government services, technological benefits from transferring private sector expertise to the public sector, and social benefits from improving coverage of services.
The consultants warned that in order to properly execute projects under a PPP contract they would need to pay more attention to developing, legal, governance, and supervisory frameworks to handle the relationship with private sector firms.
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