Report
showed that the total economic value of joint ventures between the
public and private sectors in the Gulf countries reached 628 billion
U.S. dollars in the last ten years.
The
report issued by the Kuwait Finance House (KFH) to the total value of
infrastructure projects granted by the governments of the GCC countries
during the last ten years in the framework of partnership between the
public and private sectors amounted to 628 billion dollars.
The
report, prepared by the Company (KFH) Research Ltd. of Kuwait Finance
House, the pace of partnership projects between the public and private
sectors during the last ten years has accelerated dramatically in the
Gulf Cooperation Council (GCC) as a result of the prosperity of
infrastructure projects and increased government spending on these
projects.
The
report that the UAE and Saudi Arabia represent the largest markets for
the models of partnership between the public and private sectors,
particularly in infrastructure projects such as energy, water, and to a
lesser extent in Kuwait expected to increase partnership contracts
between the two sectors in the region during the coming period in light
of the recovery in the project finance market and understand the clients
of this partnership . He said that since September last was signed more
than 50 contracts for the partnership between the two sectors in the
Gulf region with investments of nearly $ 60 billion, noting that the
Kuwaiti government provided about 32 projects in various sectors require
investments worth $ 28 billion. The report considered that the
countries Gulf and a relative newcomer to the model of partnership
between public and private sectors where they were to start the first
draft of a partnership between public and private sectors in the context
of infrastructure projects in 1994 through the signing of the draft
water power derived in Abu Dhabi. He was the model adopted by the Water
and Electricity Authority Abu Dhabi effect essential to the utilities
sector in the GCC to become a model for energy, where the Sultanate of
Oman to resume the program of privatization of public utilities in 1999
and was followed in 2000, Qatar and Bahrain and Saudi Arabia in 2003.
The
report said that in the years 2009 and 2010, Kuwait announced and the
Government of Dubai determination power of government over the course of
your energy and started the Gulf governments to expand the partnership
model between public and private sector in other areas to prepare the
infrastructure to be in 2002 granted permission to establish the first
station in the region to address water sanitation in the region of the
Crusades in Kuwait.
He
noted that the GCC countries has signed more than 100 types of
partnership agreements between public and private sector, mostly as
contracts management and a first step towards privatization has been the
use of management contracts in abundance in the transport sector,
giving the vast majority of port projects of regional intervention in
recent years in the sectors of education and care health and sanitation.
The report explained that the construction contract, operate and
transfer property, known as (me. or. T), the second form of partnership
public and private sectors the most common, which represents about a
quarter of regional deals have been allocated more than 95 percent of
construction contracts, operation and transfer of ownership in the Gulf
Cooperation Council (GCC) in the electricity and water.
And
regional markets, the report said the United Arab Emirates and Saudi
Arabia represent the largest markets for the partnership public and
private sectors because of private investment in new power and
desalination of water where the Emirates until September last signed
partnership contracts between public and private sector $ 20 billion
went 7 billion for the sector public facilities in Abu Dhabi. The report
went on to the enthusiasm for the partnership between the public and
private sectors in Kuwait, especially after the founding of the
technical staff to study development projects in 2008 in Kuwait, where
he presented to the government in mid-2010 a program of partnership
between public and private sector included 32 projects require an
investment of $ 28 billion dollars are transportation projects and real
estate, health care and public facilities feature in the list.
The
report that the most prominent of these projects is to draft outline of
the national railway Kuwait $ 10 billion, pointing to the absence of
problems in the financing of these projects because of huge government
surpluses.
Indicating
that the estimates of the technical staff refers to the allocation of $
4 billion a year to spend on infrastructure in the foreseeable future.
The report considered that it an attempt by the Kuwaiti government to
implement projects more efficiently and give the private sector an
important economic role to help diversify the local economy.
ليست هناك تعليقات:
إرسال تعليق