4. Implications of Public-Private Partnerships in Infrastructure Development for Economic Diversification

This chapter reveals the implications of public-private partnerships (PPPs) in infrastructure development for economic diversification of Gulf Cooperation Council (GCC) countries. This is achieved by assessing the performances of infrastructure, economy and governments of GCC countries. In doing so, it explains the process in which PPPs achieve economic diversification as well as the relevance of regulation for the successful implementation of PPPs. From a long-term perspective, PPPs in infrastructure development strengthen governments in performing regulation as well as increase voice and accountability since the preparation and implementation of PPPs is for governments to design and implement regulation so that it responds to the interests of both domestic and international business community and society.