Opportunities and Challenging Constraints
Written by : Nabil Sukkar Ph.D.
Publication : Syria Today
Syria is in the midst of implementing far-reaching economic reforms as it adapts to a social-market economic system, while simultaneously tackling problems such as the growing budget deficit and rapidly declining oil reserves.
Public-Private Partnerships (PPPs) could play a key role in achieving the country's economicand social-development objectives. The use of PPPs in Syria's future infrastructure projects, in particular, will enhance growth, create employment and increase local demand while simultaneously providing efficient, low-cost and reliable services. They will also enable the government to allocate more of its financial resources to social-development projects.