Thursday, October 12, 2017

Oman’s current PPP projects worth $2bn

Oman is executing around 11 public-private partnership (PPP) projects valued at $2 billion, a report said.

The Sultanate and Qatar are also planning PPP legislations in the second half of 2017, added the Oman Observer report, citing research from Meed.

The Mena region has witnessed a 116 per cent increase in the value of projects planned or those underway using PPP over the past year.

About 151 PPP projects are currently planned or underway across the Mena region outside the energy sector with a combined value of about $185 billion, the report said, adding  that 60 per cent of the projects are in the planning stage and scheduled to be awarded in the next five to six years.

With about $42.9 billion worth of PPP projects planned, Saudi Arabia has by far the biggest pipeline of PPP projects and has recently created a dedicated unit, the National Centre for Privatisation (NCP) to deliver the programme, said the report.

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