Bagyasree Nambron

Much has been made in recent months of renewables no longer being in vogue. Upheavals in international trade, disruption to supply chains, the return of inflation and associated higher interest rate environments have led to some newsworthy setbacks, including the failure of the Allocation Round 5 in the United Kingdom (UK) and a string of high-profile offshore wind projects failing to achieve a financial investment decision.

One of the many stories of the Saudi Arabian development market in the last three years has been the rapid acceleration in social and urban infrastructure procured on a PPP basis. The Kingdom has embraced PPP not simply (as often assumed) to alleviate the pressure on government balance sheets but for reasons of cost efficiency and economic diversification. Saudi Arabia is working particularly hard to establish itself as a major global transport and logistics hub.

One of the many stories of the Saudi Arabian development market in the last three years has been the rapid acceleration in social and urban infrastructure procured on a PPP basis. The Kingdom has embraced PPP not simply (as often assumed) to alleviate the pressure on government balance sheets but for reasons of cost efficiency and economic diversification. Saudi Arabia is working particularly hard to establish itself as a major global transport and logistics hub.