Saudi Arabia launches national privatisation strategy to expand public-private partnerships

Saudi Arabia has unveiled a new national privatisation strategy. This initiative aims to boost public-private partnerships for major projects. The plan seeks to generate numerous high-quality jobs. It also targets attracting over $64 billion in pr...

Agencies
Saudi Arabia said on Thursday it ‌had launched ‌a new national privatisation ‌strategy to expand the role of public-private partnerships in delivering large-scale projects.

The strategy, led by the National Center ‌for Privatization & ‍PPP, aims ‍to create tens of thousands ‌of high-quality jobs and mobilize over $64 billion in private capital investments by 2030, NCP said ‍in a statement.

The launch marks ‍the transition ⁠from ⁠the foundational phaseto a new phase focused on execution, it added.

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