The Kingdom of Saudi Arabia has unveiled a new National Privatization Strategy aimed at significantly enhancing the role of public-private partnerships (PPPs) in implementing and managing large-scale projects, while promoting economic diversification in alignment with Saudi Vision 2030.
The Saudi Minister of Finance and Chairman of the Board of Directors of the National Center for Privatization and PPP (NCP), Mohammed Aljadaan, highlighted that since its launch, the Privatization Program has achieved numerous significant milestones.
Most notably, it led to the establishment of the National Center for Privatization and PPP, which successfully developed over 200 approved projects with total investments amounting to $213 billion.
The program also oversaw the signing of nearly 90 contracts, including asset transfer and public-private partnership (PPP) agreements across several sectors. Additionally, it contributed to strengthening the role of the private sector, improving the operational efficiency of government assets, and developing the legislative and regulatory environment supportive of investment, thereby supporting economic diversification and enhancing the Kingdom’s competitiveness.
The Saudi Minister of Finance welcomed the Cabinet’s approval of the National Privatization Strategy on November 25, 2025, and announced its rollout. The strategy will enhance infrastructure, improve public services, boost the private sector’s role in sustainable growth, and strengthen fiscal sustainability in line with Saudi Vision 2030.
Mohammed Aljadaan Minister of Finance Saudi Arabia
“In the Kingdom, we strive to establish future-ready infrastructure with high quality and efficiency, ensuring that public services delivered to citizens, residents, and visitors are among the best in the world, while strengthening the Kingdom’s position as a global reference in public-private partnerships.”
National Privatization Strategy: Aims and objectives
The National Privatization Strategy aims to boost satisfaction with services for citizens, residents, and visitors across 18 key sectors by creating tens of thousands of high-quality jobs. It also targets signing over 220 public-private partnership (PPP) contracts and attracting more than $64 billion in private-sector investments by 2030.
The National Privatization Strategy outlines five main programs to advance the privatization ecosystem, supported by 42 executive initiatives to achieve its objectives and the privatization-related goals of Saudi Vision 2030. An executive program has been launched to identify and prioritize opportunities, with more than 145 high-potential projects already highlighted as attractive investments for the private sector.
The launch of the National Privatization Strategy marks the successful conclusion of the foundational Privatization Program, launched in 2018, and signals the transition to the implementation phase, accelerating delivery and realizing the program’s core purpose.
