06 June, 2023
New privatization rules signed off in Saudi Arabia to encourage investors


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Fri, 2022-01-07 18:03

Riyadh: Fairness, transparency, and feasibility will now all be taken into consideration before private public partnerships are given the green light in Saudi Arabia after a law change was signed off. 

The National Center for Privatization and PPP have approved a new set of rules which govern how such agreements are reached. 

The Private Sector Participation Law Implementing Regulations will also require there to be real competition in the tendering process and make sure the public interest is protected. 

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