Mohammed bin Abdullah Al-Jadaan, Minister of Finance and Chairman of the Board of the National Privatization Center, noted that the Council for Economic Development Affairs had approved the termination of the privatization program after completing the implementation of operations and initiatives in accordance with the approved plan.
He explained that the privatization program has achieved a number of achievements since its inception, most notably the establishment of the National Privatization Center, which has created more than 200 approved projects with a total investment estimated at SR800 billion, and the conclusion of nearly 90 contracts, variously including ownership transfer agreements and public-private partnerships in several sectors, in addition to strengthening the role of the private sector and contributing to improving the operational efficiency of government assets. Create a supportive legislative and regulatory environment for investment in a way that supports economic diversification and increases competitiveness. For the sake of the kingdom.
Al-Jadaan announced the start of the implementation of the National Privatization Strategy approved by the Council of Ministers on Jumada Al-Aqira 4, 1447 AD, corresponding to November 25, 2025 AD. The aim is to increase the quality and efficiency of infrastructure, improve the public services provided to the Kingdom’s residents, and allow the government to focus on legislation, supervision and regulation, in addition to strengthening the role of the private sector in sustainable economic development. play a role and strengthen financial sustainability. In line with Saudi Vision 2030 goals.
“In the Kingdom, we aim to establish a high-quality and efficient future infrastructure capable of providing the world’s best public services to our citizens, residents and visitors, and to enhance the Kingdom’s position as a global benchmark in the field of public-private partnerships,” he said.
The National Privatization Strategy aims to create tens of thousands of high-quality jobs, improve satisfaction with the services provided to citizens, residents and visitors in 18 sectors, and aim to achieve more than 220 public-private partnership contracts and more than SR240 billion in capital investment from the private sector by 2030 AD.
The National Privatization Strategy developed five major programs and 42 implementation initiatives to enable and improve the privatization system. To achieve that goal and the objectives of Saudi Vision 2030 related to privatization, more than 145 priority opportunities have been identified that represent attractive investment opportunities for the private sector, including an enforcement program related to the identification and coordination of priority privatization opportunities.
The launch of the National Privatization Strategy marks the end of the privatization plan based on the plan formulated at the start of privatization in 2018 AD, the privatization plan is able to achieve the basic goals of establishment, moves from the successfully completed establishment phase to the implementation phase, and moves the wheels of achievement forward.
Mohammed bin Abdullah Al-Jadaan, Minister of Finance and Chairman of the Board of the National Center for Privatization, noted that the Council for Economic Development Affairs had approved the termination of the privatization program after completing the implementation of projects and initiatives in accordance with the approved plan.
He noted that the privatization program has achieved several achievements since its inception, the most notable of which is the establishment of the National Center for Privatization, which has approved more than 200 projects with a total investment estimated at SR800 billion. He explained that, in addition to strengthening the role of the private sector and contributing to improving the efficiency of government asset management, it has also concluded nearly 90 contracts that vary between ownership transfer agreements and public-private partnership agreements in several areas. and the development of government. A supportive regulatory environment for investment supports economic diversification and strengthens Saudi competitiveness.
Al-Jadaan announced the start of the implementation of the National Privatization Strategy, which was approved by the Council of Ministers on April 4, 1447 Jumada Al-Aqira, corresponding to November 25, 2025 AD. The strategy aims to strengthen the role of the private sector in sustainable economic development, enable the government to focus on its legislative, regulatory and supervisory roles, and increase fiscal sustainability, as well as improve the quality and efficiency of infrastructure and improve the public services provided to the Kingdom’s residents. In line with Vision 2030 goals.
“In the Kingdom, we aim to establish a high-quality and efficient infrastructure of the future, enable the delivery of world-class public services to our citizens, residents and visitors, and enhance the Kingdom’s position as a global benchmark in the field of public-private partnerships,” he said.
The National Privatization Strategy aims to increase satisfaction with the services provided to citizens, residents and visitors in 18 target sectors by creating tens of thousands of high-quality jobs, with a total number of public-private partnership contracts exceeding 220 by 2030 and capital investment from the private sector exceeding SAR 240 billion.
The National Privatization Strategy established five major programs to empower and improve the privatization system and 42 executive initiatives to achieve its goals and Vision 2030 objectives related to privatization. It also includes an enforcement program on privatization opportunity identification and prioritization, which has identified more than 145 priority opportunities that represent attractive investment opportunities for the private sector.
The launch of the National Privatization Strategy announces the end of the privatization program based on the plan set at its launch in 2018, and since the privatization program has managed to achieve its original purpose of establishment, the program moves from the establishment phase, where it has been successfully completed, to the implementation phase, setting the wheels of achievement in motion.
