Saudi Arabia eyes private sector participation in infrastructure, health services, transport networks: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan

Saudi Arabia is looking forward to fostering stronger partnership with the private sector on the management and financing of health infrastructure and services, as well as city transportation networks, school buildings, airport services, and water desalination and sewage treatment plants, said Minister of Finance Mohammed Al-Jadaan.
 

The move aims to create a better, more cost-effective, and efficient delivery, reducing material and energy usage for a better planet, he added.
 

These statements came on the sidelines of opening the high-level "G20 Infrastructure Investors Dialogue: Financing Sustainable Infrastructure for the Recovery".
 

Last month, Saudi Arabia said it aims to raise around $55 billion over the next four years as it plans to step up its privatization program, Argaam reported.

Moreover, the Saudi Cabinet approved in March the private sector participation (PSP) law.