Saudi Arabia speeds up privatisation plans with PPP


Saudi Arabia is committed and dedicated to the economic transformation program and is witnessing a lot of progress. The plan outlines and summarizes measures to elevate the participation of the private sector in areas including education, healthcare, transportation, media, water and (non-oil) energy.

The improvements can be credited to the government’s privatisation laws which fast-track processes by removing many licences, regulations and permits.

The country has already sold a number of shares in Saudi Aramco as well as leasing the rights over the oil pipelines which raised SAR 46.5 billion (USD 12.4 billion) this year. Saudi Arabia realised SAR 3.0 billion (USD 800 million) from the sale of two flour mills which was followed by the sale of two other flour mills for SAR 2.8 billion (USD 740 million) in 2020.

In addition, the government of Saudi Arabia through the National Centre for Privatisations (NCP) is looking to enter into agreements with private investors to develop new public infrastructure (including a number of schools) at a value of SAR 15 billion (USD 4 billion) before the end of the year. The volume would be the highest since the institution’s establishment in 2017. The NCP has a mandate for the sale of non-oil and gas assets in Saudi Arabia. The NCP is also expected to sell part of the Ras Al Khair desalination plant and other assets this year.

The organisation predicts more public-private partnerships and divestments in 2022 and 2023 as part of a push to stimulate Saudi Arabia’s economy and to attract more foreign direct investment.

Please click on the link and reach out to learn more about the opportunities and possibilities in the Kingdom of Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

Other News

BSUS News 30 - Thumb

Saudi and IBM developing AI in several Arabic dialects

Saudi Arabia and IBM have joined hands to pioneer a transformative project - a generative AI programme designed to embrace the rich tapestry of Arabic dialects.

This innovative venture, spearheaded...

Read more
BSUS News 29 - Thumb

Saudi Arabia to welcome European Chamber of Commerce

Saudi Arabia will see the first European Chamber of Commerce in the Gulf region open in Riyadh, according to the EU’s special representative for the Gulf region.

The inaugural European Chamber of...

Read more
BSUS News 28 - Thumb

Saudi Arabia's non-oil activity increasing in line with Vision 30

Saudi Arabia's non-oil business activity grew at a steady rate in April according to a recently published survey with domestic demand driving output.

The seasonally adjusted Riyad Bank...

Read more
BSUS News 27 - Thumb

Saudi Arabia attracting GCC companies to lucrative opportunities

Saudi Arabia is attracting an influx of companies from across the Gulf Cooperation Council (GCC) due to burgeoning prospects and transformative development sweeping through the Kingdom.

Moreover, the...

Read more
BSUS News 26 - Thumb

Saudi sovereign wealth fund holds SAR 3.5 trillion in assets

Saudi Arabia’s Public Investment Fund (PIF) has enjoyed a 55 percent increase in assets under management and is now valued at SAR 3.49 trillion (USD 925 billion).

According to figures from the US...

Read more
BSUS News 25 - Thumb

Saudi Arabia waives customs duties to boost industrial sector

Saudi`s Ministry of Industry and Mineral Resources has announced that customs duties on selected manufacturing products will be waived from April 1.

The decision aims to help businesses with valid import...

Read more
BSUS News 24 - Thumb

Saudi CEO`s forecast business optimism and economic growth

Saudi Arabian Chief Executive Officers have shown unprecedented optimism for the economic growth prospects of the Kingdom over the next year.

According to a study by Price Waterhouse Coopers (PWC)...

Read more
BSUS News 23 - Thumb

Saudi Arabia to add 250,000 hotel rooms, revises tourist targets

Saudi Arabia plans to add 250,000 hotel rooms by 2030 according to the Kingdom’s Ministry of Tourism, with 75,000 to be contracted to the private sector. Meanwhile, approximately 12 resorts on the Red...

Read more

Page Break