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Saudi Arabia targets $64bln in private capital under National Privatisation Strategy
['Staff Writer']
Zawya.com - All Regional News
Under the National Privatisation Strategy, which will be executed by the National Centre for Privatisation and Public Private Partnership (NCP), Saudi Arabia aims to position itself as a global reference for infrastructure privatisation and PPP delivery, with a mission to maximise economic, social and fiscal impact.
At a first level, the strategy focuses on unlocking state-owned assets for private investment and privatising selected government services.
Second-level objectives include improving the efficiency and quality of infrastructure and public services, supporting GDP growth, reducing the government’s operational role in delivering public services, fostering fiscal sustainability and creating an enabling environment for private-sector participation.
Market development, raising awareness of privatisation and PPP opportunities, enhancing their appeal to local and international investors, and support availability of financing mechanisms.
Execution of privatisation and PPP projects, focusing on nationally prioritised schemes with the highest readiness and impact.