Journal of Financial Management of Property and Construction ( IF 1.2 ) Pub Date : 2021-04-02 , DOI: 10.1108/jfmpc-07-2020-0046 Abdullah Khalid Abdullah 1 , Adel Alshibani 1
Purpose
This paper aims to develop a framework for the selection of private partners in the housing industry of Saudi Arabia under the scheme of the partnership between the public and private sectors.
Design/methodology/approach
By investigating criteria from a comprehensive literature review and experts input through surveys, developing further surveys incorporating decision-making methods: analytic hierarchy process (AHP) and multi-attribute utility theory (MAUT) to construct a framework for selection based on weightages and utilities.
Findings
The results identified criteria categorized under four categories: financial (C1), technical (C2), managerial (C3) and safety/environment (C4) and their sub-criteria. The study found that the main criteria were relatively close to each other in importance based on the subjective input of the experts with the technical and safety/environment criteria tying equally with 27% followed by the managerial with 24% and trailed by the financial with 22%.
Research limitations/implications
The study and surveys were conducted for the Saudi market and the experts were within the country.
Originality/value
The study contributes to the Saudi housing initiative which is a part of the 2030 Vision and provides insight to international investors who would be willing to invest in the Saudi market; and to the literature as there is a notable lack of study on public-private partnership in housing in Saudi Arabia.
中文翻译:
为住房项目选择可持续私人合作伙伴的多标准决策框架
目的
本文旨在根据公共部门和私营部门之间的伙伴关系计划,制定一个选择沙特阿拉伯房地产行业私人合作伙伴的框架。
设计/方法/方法
通过调查综合文献综述和专家通过调查输入的标准,开发结合决策方法的进一步调查:层次分析法(AHP)和多属性效用理论(MAUT),以构建基于权重和效用的选择框架。
发现
结果确定了分为四类的标准:财务(C1)、技术(C2)、管理(C3)和安全/环境(C4)及其子标准。研究发现,根据专家的主观意见,主要标准的重要性相对接近,技术和安全/环境标准与 27% 并列,其次是管理与 24%,其次是财务与 22 %。
研究限制/影响
该研究和调查是针对沙特市场进行的,专家在该国境内。
原创性/价值
该研究有助于作为 2030 年愿景一部分的沙特住房计划,并为愿意在沙特市场投资的国际投资者提供见解;和文献,因为在沙特阿拉伯住房公私伙伴关系方面的研究明显缺乏。