Saudi National Center for Privatization Awarded Over 60 Contracts in 8 Targeted Sectors 

Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan. (SPA)
Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan. (SPA)
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Saudi National Center for Privatization Awarded Over 60 Contracts in 8 Targeted Sectors 

Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan. (SPA)
Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan. (SPA)

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.



Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
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Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)

Officials from the International Monetary Fund, World Bank and key countries met with Syrian authorities this week on efforts to rebuild the war-torn country, emphasizing the need for credible data, IMF Managing Director Kristalina Georgieva said on Friday.

Georgieva said rebuilding Syria's central bank and expanding the country's capacity to generate revenue were other key issues addressed during the meeting that took place during the spring meetings of the IMF and World Bank.

Saudi Arabia's Finance Minister Mohammed Al-Jadaan, who chairs the International Monetary and Financial Committee, said he was grateful to the IMF and World Bank for stepping up support for Syria, noting others including Yemen, Palestine and Lebanon would also need help.