Prime Highlight
- Saudi Arabia unveiled a new national privatisation strategy targeting $64 billion in private capital investments by 2030 to support infrastructure and economic transformation.
- The plan expands public-private partnerships across 18 sectors, offering over 220 investment opportunities and creating thousands of jobs.
Key Facts
- Major projects under the framework include 13 strategic water reservoirs, the Saudi Land Bridge railway, and Abha International Airport.
- Since its 2017 establishment, the National Center for Privatization & PPP has developed 200+ approved projects with total investments of about $213 billion.
Background
Saudi Arabia has launched a new national privatisation strategy aimed at attracting $64 billion in private capital investments by 2030. The initiative is designed to help fund large infrastructure and development projects while supporting the kingdom’s long-term economic transformation plans.
The National Center for Privatization & PPP (NCP) said the strategy marks a shift from planning to execution. It will expand the public-private partnership programme to cover 18 sectors and offer more than 220 investment opportunities to the private sector. The plan is also expected to create thousands of jobs across the country.
The expanded PPP framework covers several major infrastructure projects. These include building 13 strategic water reservoirs, the Saudi Land Bridge railway and Abha International Airport. The government aims to use private sector expertise and funding to speed up delivery and improve efficiency.
Saudi Arabia’s privatisation programme has already achieved key milestones. Finance Minister and NCP Chairman Mohammed Aljadaan said the centre has developed more than 200 approved projects, with total investments reaching about $213 billion. NCP was established in 2017 as part of Vision 2030 to boost local and foreign private investment.
The announcement comes as the government adjusts its development timelines to avoid putting pressure on the economy. Earlier this month, Economy Minister Faisal Al-Ibrahim said some Vision 2030 projects are being handed over to the private sector as part of a more flexible approach. He said the government is actively rescoping projects to manage economic risks.
Saudi Arabia and its state-owned companies have also raised significant funds from debt markets this year. In January alone, they raised $22 billion to support Vision 2030. The government secured $11.5 billion through a bond sale, while Saudi Aramco raised $4 billion in an oversubscribed bond issue.
