SR200 million is minimum limit for public-private partnership project

SR200 million is minimum limit for public-private partnership project

Saudi Gazette reportRIYADH — The minimum limit for a public-private partnership project shall be SR 200 million, according to the amended executive regulations of the Privatization Law. The regulations set the minimum value for the transfer of asset ownership projects at SR 50 million.Saudi Arabia’s official gazette Umm Al-Qura published details of the amended regulations of the Privatization Law on Friday, after endorsing the amendments by the Board of Directors of the National Center for Privatization & PPP (NCP) on Dec. 31, 2023. The regulations consist of 169 articles, including the principles of privatization, the minimum value of the privatization project, and the criteria for applying the system to privatization projects.While adopting the executive regulations of the Privatization Law, the Council stated that it was developed by taking advantage of international practices and local experiences in implementing privatization projects.Article three of the regulations specifies the minimum value of the privatization project. It sets the minimum value for the transfer of asset ownership project at SR 50 million, based on the estimated value determined by the executive entity for the target assets.It also stipulates that the minimum limit for a public-private partnership project stands at SR200 million. The limit is set