benzinga15d ago
Strategy sets out 220+ new public-private partnerships contracts by 2030Targets initial $64 billion (SAR 240 billion) in direct capex investment Broadens private sector participation across new and existing projectsNational Privatization Strategy accelerates realization of Saudi Vision 2030 economic diversification goalsRIYADH, Saudi Arabia, Jan. 29, 2026 /PRNewswire/ -- The Kingdom of Saudi Arabia has launched a new National Privatization Strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification of in line with Saudi Vision 2030.Led by the National Center for Privatization & PPP (NCP), the Strategy provides unprecedented opportunities for long-term foreign direct investment in initiatives to enhance the quality and efficiency of infrastructure and public services in the Kingdom, strengthen the role of the private sector in sustainable economic development, enable the government to focus on its legislative, regulatory and oversight roles, and enhance fiscal sustainability.Saudi Minister of Finance and Chairman of the Board of the NCP, His Excellency Mr. Mohammed bin Abdullah Al-Jadaan, stated: "In the Kingdom, we strive to establish future-ready infrastructure with high quality and efficiency, ensuring that public services delivered to citizens, residents, and visitors are among the best in the world, while strengthening the Kingdom's position as a global reference in public-private partnerships."The National Privatization Strategy aims to increase resident and visitor ...Full story available on Benzinga.com