Finance minister launches National Privatization Strategy

Mohammed Al-Jadaan, Finance Minister and Chairman of the National Center for Privatization & PPP (NCP)

Mohammed Al-Jadaan, Finance Minister and Chairman of the National Center for Privatization & PPP (NCP), announced today, Jan. 29, the launch of the National Privatization Strategy, approved by the Cabinet on Nov. 25, 2025.

“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,” he said.

The National Privatization Strategy aims to increase satisfaction with services provided to citizens, residents, and visitors across 18 targeted sectors by creating tens of thousands of high-quality jobs. It also targets signing more than 220 public-private partnership contracts by 2030 and increasing private-sector capital investments to more than $64 billion by the same year.

The strategy also seeks to strengthen the role of the private sector in sustainable economic development, enable the government to focus on its legislative, supervisory, and regulatory roles, and enhance fiscal sustainability, in line with the objectives of Saudi Vision 2030

The strategy has outlined five main programs to enable and advance the privatization ecosystem, along with 42 executive initiatives to achieve its objectives and the privatization-related targets of Saudi Vision 2030. It also includes an executive program focused on identifying and prioritizing privatization opportunities, through which more than 145 priority opportunities have been identified, representing attractive investment prospects for the private sector.

The Cabinet approved the National Privatization Strategy in November, Argaam reported.

The Council of Economic and Development Affairs (CEDA) announced on Jan. 28 the completion of the Kingdom’s privatization program, marking the transition from the successful foundational phase to the implementation phase.

The conclusion of the privatization program comes as part of the transition from the foundational phase to the implementation phase, alongside the acceleration of delivery, as its core purpose was fulfilled.