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Al-Sharif, F and Kaka, A (2003) Potential of PFI/PPP as a financing source for public services projects in Saudi Arabia. In: Greenwood, D J (Ed.), Proceedings 19th Annual ARCOM Conference, 3-5 September 2003, Brighton, UK. Association of Researchers in Construction Management, Vol. 1, 71–80.
- Type: Conference Proceedings
- Keywords: finance; PFI/PPP; public services projects; Saudi Arabia
- ISBN/ISSN: 0 9534161 8 6
- URL: http://www.arcom.ac.uk/-docs/proceedings/ar2003-071-080_Al-Sharif_and_Kaka.pdf
Toward the end of 2002, the Saudi Arabian government announced its budget for the year of 2003. The public deficit was nearly 95% of GDP, and government endeavours to diminish this deficit have not yet been successful. At the same time, demand for more public services is increasing due to the rapidly growing population. The objectives of this paper are to firstly highlight the potential roles PFI/PPP could play in Saudi Arabia by reviewing economic figures, budget indicators and government steps towards such new procurement methods. Secondly, the paper refers to the UK’s experience in adopting PFI/ PPP as a strategic solution for providing and modernizing infrastructures and services. The paper presents a questionnaire that was designed to assess the feasibility of transferring PFI/PPP to Saudi Arabia. The results confirm the potential for implementing Private Finance Initiative in Saudi Arabia.