RIYADH — Saudi Arabia has begun implementing its National Privatization Strategy following Cabinet approval, Finance Minister Mohammed Al-Jadaan announced. This marks a new phase aimed at improving infrastructure quality, upgrading public services and expanding private sector participation in economic development. To achieve these goals, the National Privatization Strategy includes five core programs and 42 executive initiatives designed to strengthen the privatization ecosystem and advance Vision 2030 targets. Al-Jadaan noted that the Council of Economic and Development Affairs has approved the conclusion of the Privatization Program after it successfully completed its mandate. The launch of the National Privatization Strategy formally marks the transition from the program’s foundation phase to a new stage focused on execution and accelerating impact, following the successful completion of its original objectives.