The National Center for Privatization & PPP (NCP), in cooperation with the targeted sectors for privatization in Saudi Arabia, announced the launch of the Privatization & PPP (P&PPP) pipeline consisting of 200 approved projects in 17 sectors.
Announcing the pipeline will provide local and international investors with an opportunity for advanced preparation to ensure their readiness to participate in the projects tendered to the market.
H.E. Mohammed Al-Jadaan, Mister of Finance, Chairman of the Board of NCP, stated that publishing these projects contributes to the aims of Vision 2030 to increase the attractiveness of the economy, create opportunities for local and international investor and increase private sector contribution to GDP. Publishing the project pipeline reinforces the strength of public-private-partnership and contributes to attracting new international investments. He also invited the local private sector to make as much use of the announced opportunities.
Mohannad Basodan, the CEO of NCP, stated that the pipeline of projects for each sector will be sequentially available for investors through the NCP portal, sectors website and the Ministry of Investment; which is a partner and enabler in attracting investor to these projects. Currently published is information for over 140 projects with many more expected in the near future. The projects pipeline is a result of the P&PPP ecosystem and sectors continuous efforts to strengthen public-private-partnership in Saudi Arabia.