His Excellency the Minister of Finance and Chairman of the Board of Directors of the National Center for Privatization, Mr. Mohammed bin Abdullah Al-Jadaan, praised the approval of the Council of Economic and Development Affairs to end the privatization program, after it completed the implementation of its activities and initiatives according to the approved plan.
He explained that the Privatization Program has achieved a number of achievements since its launch, most notably: The establishment of the National Center for Privatization, which has created more than 200 approved projects with an estimated total investment value of 800 billion riyals, and the signing of nearly 90 contracts ranging from ownership transfer and partnership contracts between the public and private sectors in several sectors, in addition to its contribution to enhancing the role of the private sector, raising the efficiency of operating government assets, developing the legislative and regulatory environment supporting investment, supporting economic diversification, and increasing the competitiveness of the Kingdom.
He explained that the Privatization Program has achieved a number of achievements since its launch.
Advancing Public Services
His Excellency announced the start of the implementation of the National Strategy for Privatization, which was approved by the Council of Ministers on 4 Jumada Al-Thani 1447 H, corresponding to November 25, 2025, and aims to raise the quality and efficiency of infrastructure and advance public services provided to the Kingdom's population, in addition to enhancing the role of the private sector in sustainable economic development, enabling the government to focus on its legislative, oversight and regulatory role, and enhancing its financial sustainability; in line with the objectives of the Kingdom's Vision 2030. "We seek to establish a future infrastructure of high quality and efficiency that enables the delivery of world-class public services to citizens, residents and visitors, and enhances the Kingdom's position as a global reference in the field of public-private partnership," he said.
The National Strategy for Privatization aims to raise the level of satisfaction with the services provided to citizens, residents and visitors in 18 targeted sectors by creating tens of thousands of quality jobs, and the total number of signed contracts resulting from public-private partnership to reach more than 220 contracts by 2030, and the value of capital investments from the private sector to exceed 240 billion riyals by 2030.
The National Strategy for Privatization aims to raise the level of satisfaction with the services provided to citizens, residents and visitors in 18 targeted sectors by creating tens of thousands of quality jobs.
5 major programs and 42 executive initiatives
The National Strategy for Privatization has set five major programs to enable and upgrade the privatization system, and 42 executive initiatives to achieve its goals and objectives of the Kingdom's Vision 2030 related to privatization, and includes an executive program to identify and rank priority privatization opportunities, where more than 145 priority opportunities have been identified, representing attractive investment opportunities for the private sector. The launch of the National Strategy for Privatization marks the end of the privatization program according to the plan set for it when it was launched in 2018, and the transition from the establishment phase, which the program successfully completed, to the implementation phase and the acceleration of achievement, as the privatization program was able to achieve the main objective of its establishment.
