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Nearly one in four public private partnership (PPP) projects launched in the Middle East and North Africa (Mena) region are abandoned owing to poorly structured deals and lack of detailed feasibility, according to a report.
The primary reason for PPP deals not getting off the ground was the governments’ failure to offer deal structures that were attractive to investors because they carried too much investment risk, either from a lack of detail in the project scope, or inadequate guarantees over revenues, stated the research by Meed. It said that 23 per cent of the 80 such projects brought to market in the Mena region since 1996 have failed to conclude in a deal.
