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Saudi Arabia announced public projects in healthcare sector at the second PPP MENA Conference as more than 300 senior government officials, private business leaders, experts and regulators gather for the second PPP MENA Forum
The two-day forum took place at Movenpick Grand Al Bustan, Dubai from 23-24 February 2022. More than 300 government officials, project owners, experts, business leaders, regulatory officials are expected to underline the key issues in the development sector and discuss economic opportunities during this forum.
Around 30 experts discussed ways and means to achieve greater public-private partnership opportunities. Emphasising on the social and sustainable public-private partnership, Nasser Massoud, chairman of the second MENA PPP Conference and specialist in Social Sector PPP, said, “For every US$1bn spent in projects, 168,000 jobs are created with a 0.48% growth in GDP that in turn creates 442,000 jobs indirectly. According to the World Bank, MENA Countries have been spending less than 3% of their GDP on public projects. This needs to be increased to 8.2% of the GDP by 2030 – in order to accelerate the economic growth.”
Governments of the Middle Eastern countries are increasingly relying on private capital and private sector resources to build and expand infrastructure - in the roads, highways, bridges, utility, energy, power, aviation and telecom sectors. Across the MENA region, PPP pipelines are either in full flow, or are primed to admit a slew of new projects under a climate of increasing cooperation between the public and private sectors.
The second PPP MENA Forum, is supported by – The Saudi Ministry of Health, World Association of PPP Units & Professionals, Bahrain’s Ministry of Works, Municipalities Affairs & Urban Planning, Jordan’s Ministry of Finance, Egypt’s Ministry of Finance, Istanbul PPP Center of Excellence and Kuwait’s Authority for Partnership Projects.