The National Privatization Center has unveiled a national privatization strategy aimed at increasing satisfaction and improving the quality of services provided to citizens, residents and visitors, targeting 18 key areas.
promising field
Targeted sectors include communications and information technology, zakat, taxes and customs, media, health, municipality and housing, industry and mineral resources, environment, water and agriculture, human resources and social development, education, transport and logistics services, Hajj and Umrah, public transport, interior design, Royal Commission for Al-Ula, defence, Royal Commission for Riyadh City, sports, and national real estate, all with huge future opportunities and investments.
priority opportunity
The strategy includes 147 priority investment opportunities selected from a pool of 500 projects in 18 key sectors that are economic drivers that ensure an attractive environment for the private sector. The Center has set a target total capital investment of SR240 billion from the private sector by 2030 to foster economic growth and create quality employment opportunities.
The center said the total net government revenue from the project will amount to 27 billion riyals.
sustainable impact
This strategy was undertaken to achieve Saudi ambitions to develop service offerings and generate sustainable economic and social impact by increasing the attractiveness of the privatized system in investment, providing promising opportunities for domestic and foreign investors, and strengthening the government’s role in monitoring, regulating and achieving fiscal sustainability.
vision and mission
The vision envisions Saudi Arabia becoming a global reference for the privatization of infrastructure and public services, with a mission focused on maximizing the economic, social and financial impact of privatization projects.
multi-level goals
The Center has set its strategic goals at two levels. The first level involves the private use of state-owned assets and the allocation of specific government services, while the second level focuses on improving the quality and efficiency of infrastructure and public services, reducing the operational role of government, creating an enabling environment for privatization, strengthening fiscal sustainability, and contributing to economic development.
5 strategic programs
The Center highlighted five strategic programs to maximize the effectiveness of privatization and public-private sector partnerships. 4 Enabling programs to support the privatization system and enforcement programs focused on priority privatization and partnership projects.
Mounting axis
The first program includes a plan based on impact achievement and continuous management, the second focuses on strengthening the regulatory environment and governance, the third concerns human capacity development and knowledge management, the fourth aims at improving marketing and privatization attractiveness, and the fifth provides for the implementation of priority and highest impact privatization projects.
2030 goals
The strategy’s targets by 2030 include a total capital investment of SR240 billion from the private sector, a total value of SR43 billion from partnership projects, and 221 contracts resulting from public-private sector partnerships, paving the way for the creation of thousands of jobs.
