Risks of Applications of Building-Operate-Transfer "B.O.T" Contract in the Kingdom of Saudi Arabia and their Effects and how to Address Them: Analytical Study 10.35781/1637-000-113-005

Abstract

The study aims to serve researchers and specialists in knowing the risks of applying the Build-Operate-Tansfer (B.O.T) contracts in the Kingdom of Saudi Arabia, their effects and how to address them. The study adopted the analytical inductive approach, by presenting what is related to the risks of the Build-Operate-Tansfer (B.O.T) contracts in the Kingdom of Saudi Arabia, their effects and how to address them. The study was organized into an introduction, a preface, two chapters and a conclusion. The importance of the study is evident through knowing the Build-Operate-Transfer (BOT) contract, which is considered one of the most important contract forms currently used worldwide to establish and finance infrastructure projects by the private sector. Therefore, it was appropriate to know its risks and search for comprehensive solutions and remedies for them.. The study problem: Given the novelty of B.O.T contracts from a legal perspective and the introduction of many conditions and guidelines for their application in many projects and public facilities that aim to achieve the Kingdom's Vision 2030, they have raised many regulatory problems that need to be studied and to clarify the extent to which this form of contracts achieves the desired goals of ratifying them, which raised an important question in mind: What are the risks of applying Build-Operate-Transfer (B.O.T) contracts in the Kingdom of Saudi Arabia? The study reached several results, the most prominent of which are: that risks are among the main obstacles to building a strong economy based on a solid foundation and a strong basis, that finding solutions to the risks related to build-operate-transfer (B.O.T) contracts helps activate the role of the private sector and enables it to enhance its role in economic development, in addition to the fact that build-operate-transfer (B.O.T) contracts work to attract foreign direct investment.