Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan took part in Beijing on Tuesday in a roundtable meeting organized by NCP in cooperation with the Industrial and Commercial Bank of China.
Senior officials of Chinese companies interested in private-sector projects and public-private partnerships (PPPs) were also present.
Al-Jadaan noted the depth of the historical relationship between Saudi Arabia and China that are based on trust and continuous cooperation in various fields, said a Finance Ministry statement.
He added that NCP has since its inception awarded over 60 privatization and partnership contracts in eight targeted sectors, with a capital cost of over $10 billion.
It has also sought to strengthen its work by adopting the privatization law and complementary statutory tools that contribute to accelerating the implementation of PPP projects, he went on to say.
He praised the role played by the Industrial and Commercial Bank of China in supporting NCP efforts to present privatization and partnership opportunities and initiatives to Chinese investors and companies.
Participants at the meeting presented privatization and PPP opportunities in the infrastructure sector and how companies and investors can participate in privatization and partnership projects in several areas, most notably in construction, roads, water, and airports.
