More than 300 government officials and business leaders will meet in Dubai in February to discuss the public-private partnership model for infrastructure development in the Middle East and North Africa region.
Nearly 242 projects worth more than $ 223 billion under development in the region will dominate the PPP Mena Forum from February 23 to 24, with project executions set to resume after the coronavirus pandemic.
âAs economic activities regain momentum after the Covid-19 pandemic, governments will put more projects on the drawing board for execution,â said Leila Masinaei, managing partner of Great Mind Events Management and organizer of the second PPP Mena Forum. a statement Thursday.
“With oil prices at a more comfortable level, the oil-exporting countries of the Middle East will certainly be pumping the oil windfall money into infrastructure construction – where governments will bank on the public-private partnership model. – now that the regulatory regime is firmly in place. place.”
Governments in the Gulf region are increasingly turning to the PPP model, which can help finance large infrastructure and utility projects. Many of them are developing legal frameworks to regulate PPP projects, which should improve transparency and attract investment.
Projects worth 25 billion dirhams ($ 6.81 billion) will be built with public and private funds under plans announced by the government of Dubai in October. Public-private partnerships have been described as essential in attracting development investment to projects in the UAE 50.
The MENA region would need $ 75 to $ 100 billion in investment per year over the next 20 years to meet its needs, according to World Bank estimates.
The two-day conference will involve experts discussing ways and means of securing greater public-private partnership opportunities, and tackle the requirements of current and future PPP project pipelines from across the region, and legislative plans. PPP.
Update: December 10, 2021, 5:30 a.m.