Al-Jadaan expects to lift $38 billion by asset gross sales and $16.5 billion by public-private partnerships, he informed the Monetary Instances, Al Arabiya reported.
The Saudi authorities has recognized 160 initiatives in 16 sectors, together with asset gross sales and public-private partnerships by 2025.
Asset gross sales shall embody government-owned inns, tv broadcasting towers, and cooling and water desalination vegetation.
The plan doesn’t embody the Public Funding Fund (PIF) entities or the sale of different property of Saudi Aramco.
The privatization legislation might be enacted in Saudi Arabia in July of this 12 months.
Final 12 months, Saudi Arabia offered all its flour mills to a bunch of native and worldwide buyers for round $1.5 billion, with HSBC advising on the offers.