Public–Private Partnerships in MENA: Conditions for Successful Implementation

Abstract

Infrastructure investment is a key driver of growth in the Middle East and North Africa (MENA). In particular, investments in power, water, health, and transportation will accelerate sustained and inclusive growth in the region, creating conditions for peace and stability. Public–private partnerships (PPPs) are vital to the MENA region as an additional source of finance and as a means of improving the efficiency of infrastructure investment. This article focuses on the conditions conducive to successful implementation of PPP projects in the MENA region. The author argues that the ability of MENA countries to attract investors to PPP projects is linked to country-specific conditions. These conditions trigger “soft risks” that affect successful implementation of PPPs.

TOPICS: Emerging, fixed income and structured finance