Multi-criteria decision-making framework for selecting sustainable private partners for housing projects
Journal of Financial Management of Property and Construction
ISSN: 1366-4387
Article publication date: 2 April 2021
Issue publication date: 18 February 2022
Abstract
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.
Keywords
Acknowledgements
This work is part of a master’s thesis completed at King Fahd University for Petroleum and Minerals. We would like to express our appreciation to those who supported the completion of this work, Drs Abdulaziz Bubshait and Laith Al-Hadidi, for their valuable insights and constant support. We would also like to extend our appreciation to those who played a role in completing the present study.
Funding: This research did not receive any specific grant from a fund agency in the public, commercial or not-for-profit sector.
Citation
Abdullah, A.K. and Alshibani, A. (2022), "Multi-criteria decision-making framework for selecting sustainable private partners for housing projects", Journal of Financial Management of Property and Construction, Vol. 27 No. 1, pp. 112-140. https://doi.org/10.1108/JFMPC-07-2020-0046
Publisher
:Emerald Publishing Limited
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