Saudi Arabia has officially launched the implementation of its National Privatization Strategy, following Cabinet approval in November 2025. The announcement was made by Finance Minister Mohammed bin Abdullah Al-Jadaan, who also chairs the National Center for Privatization & PPP (NCP).
Alignment with Vision 2030 Goals
The strategy aims to bolster the private sector’s role in sustainable development while allowing the government to concentrate on legislative, supervisory, and regulatory functions. It enhances fiscal sustainability and supports broader economic diversification under Saudi Vision 2030.
Ambitious Targets for PPP Expansion
Key objectives include signing more than 220 public-private partnership (PPP) contracts by 2030 and attracting over $64 billion (approximately SAR 240 billion) in private-sector capital investments. The plan targets 18 priority sectors to improve infrastructure quality and efficiency.
Focus on Jobs, Services, and Economic Impact
Implementation is expected to create tens of thousands of high-quality jobs and raise satisfaction levels with public services for residents and visitors. It builds on the foundational Privatization Program launched in 2018, transitioning to active execution.
Minister Al-Jadaan emphasized building future-ready infrastructure and delivering world-class public services. The strategy marks a shift toward accelerating private participation in large-scale projects.
This move is seen as a pivotal step in reducing government dependency on oil revenues and fostering a more dynamic economy. It opens opportunities for domestic and foreign investors in sectors like transport, health, education, and municipal services.
The launch underscores Saudi Arabia’s commitment to structural reforms for long-term prosperity.