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    Risk management of PPP projects in Iraq
    (İstanbul Gedik Üniversitesi, 2021) Motlag, Mohammed Hussain; Ghasemlounia, Redvan
    The issue of partnership between the public and private sectors has received great attention from governments, societies and research centers around the world, after it became clear that the process of economic and social development depends on mobilizing and pooling all the capabilities of society, including the energies, resources and expertise of both the public and private sectors. In developing countries and specifically Iraq, the concept of public-private partnership (PPP) is relatively new to the government, as the government has historically assumed most of the responsibility for providing public services and acquiring huge construction projects. However, with the increase in the number of these projects in Iraq, and despite the great advantages expected of them, it turns out that these projects are fraught with many risks that would impede their success and contribute to their failure. Hence, this study aimed to investigate the impact of risk management processes on the success of the PPP projects in Iraq, by identifying the most prevalent and influential risk factors on the success of PPP Iraqi construction projects. The research relied on questionnaires with actual companies and employers to determine the most critical risk factors and suggest appropriate operations to manage these risk factors. It was found through quantitative and qualitative analysis of the data, that there is a statistically significant correlation between the three risk factors categories (technical, financial and economic, political acceptance and legitimacy) and the success of PPP projects in Iraq, while social soundness and environmental impact did not appear to have a statistically significant relationship with the success of the PPP project. It was also concluded that in terms of the strongest impact of the four risk categories on the success of PPP projects in Iraq, the political acceptance and legitimacy factor had the strongest impact, i.e., it was the biggest risk factor, then the financial and economic factor, followed by the technical factor, and finally the social and environmental factor. Eventually, the study recommends PPP project managers to provide an appropriate level of oversight regarding the risks they face, which include (risk transfer, avoidance, mitigation and acceptance), and to hold training courses on risk management and provide non-formal education through career development programs to increase awareness of risk management and its application within the PPP projects.