April 26, 2018 – Saudi Arabia’s Council of Economic and Development Affairs has approved “Delivery Plan 2020”, a privatization program designed to meet the goals of Vision 2030. The program will encourage local and foreign investment into the Kingdom’s private sector, while generating $11 billion in non-oil revenue and providing 12,000 job opportunities for Saudi nationals. The Initiative will target 14 public-private partnership (PPP) investments in 10 sectors, with a focus on desalination plants, hospitals, school buildings, flour mills, football teams, and ports by 2020. The full program contains over 100 potential initiatives which will be conducted in multiple phases.
Saudi Arabia’s Privatization Program Plans Have Been Approved
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