Saudi Arabia has officially commenced the implementation of its National Privatization Strategy, a landmark initiative designed to accelerate private sector participation in the Kingdom’s economic development. The strategy, announced by Finance Minister Mohammed Al-Jadaan, who also chairs the board of the National Center for Privatization, aims to upgrade the quality of public services and infrastructure in direct alignment with the goals of Vision 2030.
This new phase marks a significant shift towards enhancing service efficiency, strengthening public-private partnerships (PPPs), and supporting the nation’s long-term fiscal sustainability.
A New Phase for Vision 2030
The strategy, which received Cabinet approval on November 25, 2025, is a core component of the Kingdom’s broader economic transformation. It targets 18 priority sectors, with a clear mandate to create tens of thousands of specialized jobs and boost satisfaction levels with public services.
“We seek to establish future-ready infrastructure of high quality and efficiency that enables the delivery of world-class public services for citizens, residents and visitors, while positioning Saudi Arabia as a global reference in public-private partnership models,” Al-Jadaan stated.
To support its objectives, the strategy outlines five core programs and 42 executive initiatives intended to fortify the entire privatization ecosystem. An implementation framework has also been established to identify and prioritize opportunities, with over 145 high-priority investment avenues already identified for private sector engagement.
Ambitious Targets for 2030
The National Privatization Strategy sets forth several ambitious targets to be achieved by the end of the decade. The Kingdom aims to attract more than SR240 billion in private sector capital investment and finalize over 220 public-private partnership contracts by 2030.
These goals signal a significant opportunity for local, regional, and international investors and companies to partner with the public sector on a wide range of transformative projects across the Saudi economy.
Building on a Successful Foundation
The launch of the new strategy also marks the successful conclusion of the Privatization Program, which was initiated in 2018. The Council of Economic and Development Affairs approved the program’s conclusion after it completed its mandate of laying the foundational groundwork for this new phase.
Since its inception, the program achieved key milestones, including the establishment of the National Center for Privatization and the development of over 200 approved projects with an estimated total investment value of SR800 billion. Nearly 90 contracts, covering both asset transfers and PPPs, have already been signed across multiple sectors, demonstrating a robust and growing appetite for private sector involvement.
The new strategy formally transitions the Kingdom from a foundational phase to one focused on execution and accelerating impact.
About The National Center for Privatization
The National Center for Privatization & PPP (NCP) is the Saudi government entity responsible for enabling and overseeing the nation’s privatization agenda. It develops the legislative and regulatory framework, creates a strategic pipeline of opportunities, and facilitates partnerships between the public and private sectors to achieve the goals outlined in Saudi Vision 2030.
Source: Zawya
