Public Private Partnerships: A Vehicle of Excellence for the Next Wave of Infrastructure Development in the GCC
The past decade has seen Gulf Cooperation Council (GCC) countries laying the foundation for achieving economic diversification away from the oil and gas sectors. The next ten years will test their ability to realize this aspiration by successfully building on this foundation. Economic diversification entails not only developing new physical infrastructure, but also building skills and capacity, as well as creating new clusters and ecosystems. Public–private partnerships (PPP) can play a key role in realizing this goal of policy planners in the GCC region.