Saudi Arabia’s Privatization Program Plans Have Been Approved

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.