PPP model allows private sector to develop infrastructure with govt: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan

Minister of Finance Mohammed Al-Jadaan said Saudi Arabia adopted a public-private partnership (PPP) model, allowing private entities to collaborate with the government in developing and managing infrastructure projects.

Speaking at the G20 Finance Ministers and Central Bank Governors Meeting, Al-Jadaan highlighted key initiatives such as the National Center for Privatization and the National Infrastructure Fund, which focus on attracting private investments in sectors like transportation, water, and energy.

The minister emphasized that the global economy is at a critical crossroads. "The challenges, including slow growth and high debt, are intensifying due to economic fragmentation and trade tensions, highlighting the urgent need for effective coordination and multilateral cooperation," he noted. 

Al-Jadaan also noted the resilience of the economies in the MENA region despite their successive challenges, highlighting the opportunities and potential that the countries in the region possess for progress and prosperity. He explained that what happens in the region has a significant impact on the international stage.