Washington DC, 27 Ap: The Kingdom of Saudi Arabia has announced its privatization program, under the umbrella of Vision 2030, launching the National Center for Privatization (NCP). The NCP will provide assistance in formulating regulations, creating privatization frameworks, and preparing government assets and services identified for privatization to ensure quality outcomes.
The essential role of this program will be to provide greater job opportunities, which is one of the primary goals of the Kingdom’s Vision 2030 roadmap. The NCP is developing the privatization pipeline, which includes proposing sectors and government assets and services, that could either be privatized or improved through private sector participation. Additionally, the NCP is also responsible for developing an efficient privatization process that targeted sectors will follow to encourage and engage private sector participation to promote opportunities domestically and internationally.
The NCP team includes experts in the areas of legal, financial, advisory, strategy, communication, risk management, marketing, and project management, as well as, experts in the full spectrum of private sector participation.–Press Release by Saudi mission Washington DC
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