100 Chinese Companies to Enter Privatization Projects in Saudi Arabia

100 Chinese Companies to Enter Privatization Projects in Saudi Arabia

A virtual forum held by Saudi Arabia's National Center for Privatization & PPP (NCP) on Monday was attended by 100 Chinese investors and companies interested in privatization projects in the kingdom.

The forum comes as part of NCP's periodic meetings and interaction plan with all local and international investors, according to a statement released by the Saudi Press Agency (SPA).

Enhancing ties between the NCP and Chinese companies and investors in various sectors was a core objective of the forum, noted NCP Strategic Communication & Marketing Director General Hani Al-Saigh.

More so, the meeting looked to encourage Chinese investors and companies to take part in privatization projects in Saudi Arabia.

The event, according to Saigh, also aimed at shedding light on the most important targeted sectors in privatization and investment opportunities in them, which could play a significant role in enriching the attractiveness of direct foreign investments in the kingdom.

In other news, Saudi Arabia's National Agricultural Development Company (NADEC) is part of a consortium that has bid for a privatized flour mill in the Kingdom.

It has teamed up with OLAM International Limited, Al Rajhi International for Investment, and Abdulaziz Alajlan & Sons Company for Commercial and Real Estate Investment, to bid for one of