New Saudi public-private partnership strategy to boost FDI

SAUDI ARABIA: A new privatization strategy aims to see the Kingdom sign more than 220 public-private partnership contracts by 2030 and mobilize over US$64 billion (SAR240 billion) in private capital investments by 2030 to boost foreign direct investment (FDI). The government will seek both local and foreign partners for projects – including the Saudi Landbridge linking east and west coasts through Riyadh, education infrastructure projects, water desalination programs and treatment, reservoirs as well as international airports.

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