Saudi Privatization Program concludes after foundational implementation

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The Council of Economic and Development Affairs (CEDA) reported today, Jan. 28, the completion of the Privatization Program in the Kingdom, following the implementation of its projects and initiatives.

The Council reviewed the closure of the Privatization Program, noting its achievements in strengthening the private sector, improving government asset efficiency, and creating an investment-friendly environment, Saudi Press Agency (SPA) reported.

Ending the Privatization Program marks the shift from the completed foundational phase to implementation, aiming to maximize impact through the National Privatization Strategy, which set targets, developed opportunities, and created a national framework for priority-sector initiatives.

The Council reviewed the Ministry of Economy and Planning’s monthly report, which covered global economic updates, 2026 growth prospects, challenges, and potential impacts on the national economy.

The report highlighted the economy’s adaptability and positive trends, including gross domestic product (GDP) growth driven by rising non-oil activities, recovery in oil activities, industrial production growth, and inflation stability supported by government measures on real estate prices.

The Council reviewed a presentation from CEDA’s Project Management Office on Q4 2025 decisions and recommendations, detailing entities’ progress, Council outputs, and achievement statistics.

Additionally, the Council was briefed on the monthly executive summary of the Foreign Trade Index, the quarterly executive summary of GDP and national accounts, and summaries of monthly Consumer Price Index and Wholesale Price Index reports, alongside the primary reports supporting these summaries.

The Council issued the necessary decisions and recommendations on these topics, according to SPA.

Launched in 2018 under Vision 2030, the Privatization Program aims to boost economic growth, increase private sector participation, and privatize government assets and services to improve quality, efficiency, and reduce costs.

In 2017, the National Center for Privatization was established by Cabinet decision; reporting to CEDA, it drives the Kingdom’s privatization ecosystem and oversees private sector participation (PSP).