Method of Partnership with the Private Sector in Iraq

  • Mohammed Hussain Motlag M.Sc. Student, Department of Engineering Management, Faculty of Engineering, Istanbul Gedik University, TURKEY
  • Redvan Ghasemlounia Assistant Professor, Department of Civil Engineering, Faculty of Engineering, Istanbul Gedik University, TURKEY
Keywords: PPP, Partnership, Methods, Iraq, Regulations

Abstract

The topic of public-private partnerships has been received with great interest by governments, societies and research centers around the world. After it became clear that the process of economic and social development is based on mobilizing and gathering all the potentials of society, including the energies, resources and experiences of both the public and private sectors, to participate in the institutional organizations that deal with the establishment and operation of projects of various kinds after the institutional arrangements faced separate and independent sectoral challenges and difficulties. In achieving the goals of development levels is an ambitious goal. Therefore, developed countries seek to develop institutions, legislation and institutional systems to adopt participatory organizations in which all sectors of society contribute to directing, managing and operating projects and businesses, developing and developing them in order to serve their purposes on the basis of cooperative participation, good governance, transparent accountability and mutual benefit.

The success of the partnership is not limited to ensuring legislation and regulations only, but links must be established between it and the concept of governance. Both have multiple aspects related to administrative, legal, economic and social dimensions that meet at common points based on the principles of transparency, disclosure and accountability, and equal rights of stakeholders and responsibilities in order to raise the efficiency of resource use, enhance competitiveness, attract funding sources, and expand projects to create new job opportunities and support economic stability.

The topic of public-private partnerships has been received with great interest by governments, societies and research centers around the world. After it became clear that the process of economic and social development is based on mobilizing and gathering all the potentials of society, including the energies, resources and experiences of both the public and private sectors, to participate in the institutional organizations that deal with the establishment and operation of projects of various kinds after the institutional arrangements faced separate and independent sectoral challenges and difficulties. In achieving the goals of development levels is an ambitious goal. Therefore, developed countries seek to develop institutions, legislation and institutional systems to adopt participatory organizations in which all sectors of society contribute to directing, managing and operating projects and businesses, developing and developing them in order to serve their purposes on the basis of cooperative participation, good governance, transparent accountability and mutual benefit.

The success of the partnership is not limited to ensuring legislation and regulations only, but links must be established between it and the concept of governance. Both have multiple aspects related to administrative, legal, economic and social dimensions that meet at common points based on the principles of transparency, disclosure and accountability, and equal rights of stakeholders and responsibilities in order to raise the efficiency of resource use, enhance competitiveness, attract funding sources, and expand projects to create new job opportunities and support economic stability.

Many researchers believe that the issue of partnership is still in its early stages of developing unified principles, rules and regulations that govern and regulate the various forms of partnerships between the public and private sectors to include all economic and social sectors as major topics. The concept, principles and standards are still being sought to develop, elaborate and categorize them in order to be placed in specific rules and frameworks.

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References

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Published
2021-04-03
How to Cite
Mohammed Hussain Motlag, & Redvan Ghasemlounia. (2021). Method of Partnership with the Private Sector in Iraq. International Journal of Engineering and Management Research, 11(2), 20-27. https://doi.org/10.31033/ijemr.11.2.3