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Saudi Arabia’s new ‘public-private partnership’ law

Hogan Lovells, a major international law firm, is pointing to Saudi Arabia’s new ‘public-private partnership’ law and saying deals are on the way. “An increased number of public-private partnership (PPP) projects will get off the ground around the region, with a growing focus on renewables, transportation, education and healthcare. The impact of key market regulations will become clearer as they are approved and implemented: PPP law in Saudi Arabia and possibly Oman; Foreign Investment Law in UAE and Qatar.” (p. 5)

Source: www.lexology.com

Privatization plans are moving ahead

Crown Prince Mohammed Bin Salman tells Bloomberg that privatization plans are moving ahead. “In 2019, we will have more than 20 services that will be privatized, most of them in water, agriculture, energy and some of it in sports. Now we’re talking with investors. (…) So in 2019, more than 20 companies will definitely start privatizing. Most of the companies will be in desalination.”

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