The Privatization Program aims to enhance the role of the private sector in providing services and making government assets available. This will improve the quality of services provided and contribute to the reduction of costs, also encouraging economic diversity and development, and boosting competitiveness to face regional and international competition. The Program also seeks to attract Foreign Direct Investment and improve the balance of payments.
The Program was launched in 2018. It seeks to identify government assets and services that can be privatized in a number of sectors, develop the privatization system and its mechanisms, define public and private sector partnership frameworks to enhance the quality and efficiency of public services, and support contributions to economic development.
In the previous stage, the Program succeeded in developing general frameworks for the privatization system through the enactment of the Privatization Law and the establishment of the National Center for Privatization. The Center aims to regulate the system project procedures and to enhance the participation of the private sector in a transparent and fair manner and to ensure the integrity of procedures related to contracts to provide an attractive regulatory and investment environment that stimulates private sector investment in the short and long term.
The Program contributed to activating the private sector's supervisory committees.
In the next phase, the Program will focus its efforts on continuing to build the aforementioned enablers and intensify work to enhance the role of the private sector in providing services, maximizing the value gained from government assets, and raising the efficiency of spending. Moreover, sector privatization strategies will be developed in 16 sectors, including transport, health, education, municipal affairs. This will enable government efforts to focus on legislative and regulatory issues.
H.E. Mr. Mohammed Abdullah Al-Jadaan
H.E. Eng. Abdulrahman Abdulmohsen AlFadley
H.E. Eng. Khalid Abdulaziz Alfalih
H.E. Mr. Majed Abdullah AlHogail
H.E. Eng. Ahmed Solaiman Al-Rajhi
H.E. Mr. Yousef Abdullah Albenyan
H.E. Mr. Bandar Ibrahim Alkhorayef
H.E. Eng. Saleh Nasser Al-Jasser
H.E. Mr. Faisal bin Fadel Al-Ibrahim
Eng. Fahad bin Abdulrahman Al-Jalajel
Unlock state-owned assets for the private sector
Privatize selected government services
Total government revenues (non-oil revenues).
Total value of investments from public-private partnerships.
Total financial value for efficient government spending through partnership operations.
Completed the privatization of the four Milling Companies, involving a competitive tendering process for the shares of the four milling companies to strategic investors.
Finalized agreements for two water desalination projects, Jubail-3, for independent water production and Yanbu-4, for independent water production.
Finalized phase one of the initiative to attract private investment to finance the construction of educational buildings and launched the tender for phase two.