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Leveraging the Power of Public-Private Partnership Collaboration for Sustainable Growth
Abstract
The government has long pursued the public-private partnership (PPP) model to develop sizeable projects jointly with the private sector. By doing so, governments can be relieved of their total commitment to these large and heavily resource-dependent projects. Moreover, governments can leverage the private sector's expertise and share the project risks with them. On the other hand, the private sector that works with the governments on PPP projects can gain commercially while enhancing their competencies and competitiveness. Despite its significance, SMEs are often left out of the PPP model due to their lack of resources and know-how. To play a more prominent role in PPP projects, SMEs must intensify their efforts to overcome the obstacles preventing them from such projects and enhance their internal operational efficiencies. This chapter aims to identify and discuss the critical areas that need to be addressed to prepare SMEs for PPP projects in the future.
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