TY - JOUR
T1 - Critical success factors for public–private partnerships in affordable housing in the United Arab Emirates
AU - Alteneiji, Khalifa
AU - Alkass, Sabah
AU - Abu Dabous, Saleh
N1 - Funding Information:
Government guarantees are highlighted as a key factor in encouraging private sector investment in infrastructure projects, particularly social ones. In projects that are of high economic value and have political and social objectives, but which are not financially viable, the government should provide the necessary support and guarantees to ensure financial viability (). Governments in some countries provide guarantees to secure funding from the private partners in PPPs, which is considered crucial to the success of housing projects (). recommended that the UAE Government encourage greater private sector participation in PPP projects through the reasonable allocation of risks and the offering of guarantees. They emphasized the importance of this factor as the private sector has become more cautious and less willing to bear risks since the 2008 global financial crisis.
Funding Information:
This study is part of a PhD research program in Engineering Management, which is fully supported by the PhD Fellowship Program at the University of Sharjah, UAE. Conflict of interest : The authors confirm that they have no conflicts of interest in regard to the study presented in this paper.
Publisher Copyright:
© 2019, Emerald Publishing Limited.
PY - 2020/10/18
Y1 - 2020/10/18
N2 - Purpose: This study aims to identify the critical success factors (CSFs) in the implementation of the public–private partnerships (PPPs) in the United Arab Emirates’ (UAE) affordable housing sector. Design/methodology/approach: A questionnaire survey was conducted to assess 17 CSFs for PPP projects derived from previous international and local studies. The collected data were analyzed using the relative importance index technique to establish the most significant factors based on feedback from 48 respondents from the public and private sectors. Findings: The most identified CSFs were good governance, government guarantees, commitment and responsibility of the public and private sectors, favorable and efficient legal frameworks, political support and stability, and demand for and the debt-paying ability of the project. Research limitations/implications: There has been rapid momentum in the UAE and other Gulf Cooperation Council (GCC) countries towards engaging the private sector in the provision of infrastructure and housing after increased pressure on government budgets and falling oil prices. Thus, this study encourages strong consideration of the highest-ranked CSFs in the absence of any prior experiences or studies. On a broader scale, these CSFs are an effective policy tool for the GCC countries, which share similar contexts. Originality/value: This paper represents the first empirical study in the GCC region and the UAE on the CSFs for PPPs in affordable housing, which is experiencing growing demand in the region to overcome the large deficit in housing supply.
AB - Purpose: This study aims to identify the critical success factors (CSFs) in the implementation of the public–private partnerships (PPPs) in the United Arab Emirates’ (UAE) affordable housing sector. Design/methodology/approach: A questionnaire survey was conducted to assess 17 CSFs for PPP projects derived from previous international and local studies. The collected data were analyzed using the relative importance index technique to establish the most significant factors based on feedback from 48 respondents from the public and private sectors. Findings: The most identified CSFs were good governance, government guarantees, commitment and responsibility of the public and private sectors, favorable and efficient legal frameworks, political support and stability, and demand for and the debt-paying ability of the project. Research limitations/implications: There has been rapid momentum in the UAE and other Gulf Cooperation Council (GCC) countries towards engaging the private sector in the provision of infrastructure and housing after increased pressure on government budgets and falling oil prices. Thus, this study encourages strong consideration of the highest-ranked CSFs in the absence of any prior experiences or studies. On a broader scale, these CSFs are an effective policy tool for the GCC countries, which share similar contexts. Originality/value: This paper represents the first empirical study in the GCC region and the UAE on the CSFs for PPPs in affordable housing, which is experiencing growing demand in the region to overcome the large deficit in housing supply.
KW - Affordable housing
KW - Critical success factors
KW - Economy
KW - Housing policy
KW - Public–private partnership
KW - United Arab Emirates
UR - http://www.scopus.com/inward/record.url?scp=85073924137&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85073924137&partnerID=8YFLogxK
U2 - 10.1108/IJHMA-06-2019-0061
DO - 10.1108/IJHMA-06-2019-0061
M3 - Article
AN - SCOPUS:85073924137
SN - 1753-8270
VL - 13
SP - 753
EP - 768
JO - International Journal of Housing Markets and Analysis
JF - International Journal of Housing Markets and Analysis
IS - 5
ER -