The National Center for Privatization and PPP organized a forum for contractors and developers in Riyadh on Feb. 8. The event was attended by top executives from 50 of the largest Saudi contracting and development companies interested in privatization and public-private partnerships.
NCP’s CEO Mohannad Basodan opened the forum and in his speech, emphasized the pivotal role played by local contracting and development companies. He said that the forum comes at a time when the P&PPP ecosystem is witnessing an accelerated pace in offering opportunities and initiatives to the private sector.
The forum featured a panel discussion with the CEOs of Albawani, Tamasuk and Vision Invest, all of whom have experience in PPP projects, offering valuable insights to the audience. A subsequent session delved into sustainable opportunities, the latest developments in private sector participation that aim to increase local contractors and developers’ contribution in P&PPP projects and the role of the P&PPP ecosystem in enhancing PSP in government projects while managing risk distribution between the government and the private sector.
The forum concluded with a speech by Chairman of ACWA Power Mohammed Abunayyan, who highlighted the company’s experience in implementing partnership projects in various sectors, such as in water desalination, in the Kingdom and 14 other countries. He emphasized the critical role NCP plays in achieving the Kingdom’s Vision 2030 objectives of increasing the role of the private sector in the economy. Abunayyan urged contractors and developers who have never participated in PPPs to do so.
The NCP is responsible for enabling the Kingdom’s privatization program: a priority identified as part of realizing Saudi Vision 2030.
As a world-class center of excellence, NCP provides assistance in formulating regulations, creating privatization frameworks, and preparing government assets and services identified for privatization to ensure quality outcomes.
