The effectiveness of public-private partnership contract

Abstract

Abstract: Partnership contracts are vital tools that reflect the evolution of relations between the public and private sectors, embodying fruitful cooperation between them in addressing contemporary economic and social challenges. It is noteworthy that these contracts emerged in response to the growing need to enhance the efficiency of public service delivery and achieve sustainable development in a world witnessing an increasing complexity of development problems. Therefore, it has become necessary to utilize available resources in innovative and effective ways, as partnership contracts combine the innovation and flexibility of the private sector with the commitment to the public interest that distinguishes the public sector, providing a legal and regulatory framework that enhances cooperation between them, despite complex economic conditions. These contracts are also a strategic tool that contributes to advancing sustainable development and providing effective solutions to the challenges facing contemporary societies. Despite the negatives of partnership contracts, they contain a significant amount of positives that make them a real and effective requirement for achieving development at all levels