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Saudi Arabia: Public-Private Partnership Assessment

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On March 10-14, in Riyadh, CLDP met with stakeholders in the new public private partnership (PPP) legal regime in Saudi Arabia. CLDP met with the Saudi Arabia General Investment Authority (SAGIA), the National Center for Privatization and Public Private Partnerships (NCP), local attorneys representing U.S. companies bidding for PPP projects, and sector-specific government committees for the establishment of PPPs. This year the NCP published a draft privatization and PPP law for Saudi Arabia emphasizing international commercial law principles of PPP for which CLDP provided initial guidance. Once the law is finalized, CLDP has agreed to assist SAGIA and the NCP in the development of PPP regulations. During the assessment, CLDP identified the need for regulatory development and capacity building for fair opportunity and treatment of private sector companies bidding for PPPs in Saudi Arabia. CLDP plans to provide PPP capacity building programs for NCP, SAGIA and other ministry committees regarding the efficient and effective implementation of the new PPP law. With an effective PPP legal regime in Saudi Arabia, U.S. companies will have many large-scale opportunities to provide services to ministries as the country privatizes and partners with the private sector to develop government services that will reach the goals set forth in the Saudi Arabia Vision 2030.

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