Privatization Program

The Privatization Program aims to enhance the role of the private sector in providing services and making government assets available. This will improve the quality of services provided and contribute to the reduction of costs, also encouraging economic diversity and development, and boosting competitiveness to face regional and international competition. The Program also seeks to attract Foreign Direct Investment and improve the balance of payments. 

The Program was launched in 2018. It seeks to identify government assets and services that can be privatized in a number of sectors, develop the privatization system and its mechanisms, define public and private sector partnership frameworks to enhance the quality and efficiency of public services, and support contributions to economic development.

In the previous stage, the Program succeeded in developing general frameworks for the privatization system through the enactment of the Privatization Law and the establishment of the National Center for Privatization. The Center aims to regulate the system project procedures and to enhance the participation of the private sector in a transparent and fair manner and to ensure the integrity of procedures related to contracts to provide an attractive regulatory and investment environment that stimulates private sector investment in the short and long term.

The Program contributed to activating the private sector's supervisory committees.

In the next phase, the Program will focus its efforts on continuing to build the aforementioned enablers and intensify work to enhance the role of the private sector in providing services, maximizing the value gained from government assets, and raising the efficiency of spending. Moreover, sector privatization strategies will be developed in 16 sectors, including transport, health, education, municipal affairs. This will enable government efforts to focus on legislative and regulatory issues.