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The role of public-private partnership contracts in the development of the tourism industry

The tourism industry is the largest service industry in the world that can bring numerous economic, cultural and social benefits for countries. Developing tourism and generating revenue from this industry entails building the necessary facilities, in which, unfortunately, most governments do not have enough experience and capital. Private sector investment through different patterns of public-private partnership is an effective contractual approach, which provides conditions where both the public and private sectors can proffer their own capabilities to the project in order to maximize efficiency, at the same time that it supplies the project’s needed capital. This study investigated the approach taken by some countries to public-private partnership contracts in the tourism industry. It appears that, according to the characteristics of the partnership agreements, in case of the required legal bases being provided, this method has appropriate capabilities for using in tourism projects, particularly in sample areas of tourism.

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