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Saudi Privatisation Law | Dentons


Saudi Arabia has adopted a new law governing public private partnerships (
PPPs) (the
Privatisation Law), which will enter into force 120 days after its publication in the Official Gazette.  It follows a consultation process and the publication of a draft privatisation law in 2018 (the
Draft Law), as well as the launch in 2017 of the National Centre for Privatisation & PPP (
NCP) to enable privatisation and PPPs under Saudi Arabia s Vision 2030.
As set out in our
insight dated 17 March 2021, although Saudi Arabia has long implemented PPPs and privatisation projects, prior to the Privatisation Law, no formal laws specifically governed PPPs. Unless exempted, such projects historically fell under the ambit of the Government Tenders and Procurement Law. ....

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New Regulations Set to Protect Future Saudi Projects

New Regulations Set to Protect Future Saudi Projects
aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.

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New royal decree a boost for Makkah's Masar project


Yasser Abuateek, chief executive of Umm Alqura for Development and Construction (UAQ) the owner and developer of the Masar destination in Makkah has expressed gratitude and thanked King Salman and Crown Prince Mohammed bin Salman, for a recent royal decree to issue four title deeds for the upcoming project. The royal directive, Abuateek said, confirms the rulers’ great interest in the holy city’s vital development projects.
Abuateek added that the support from the leadership reflects the importance of Masar, also known as King Abdul Aziz Road Project, and its role in contributing to sustainable development in line with the programs of Saudi Vision 2030, improving the quality of life of the residents and visitors of Makkah, and enhancing the services provided to Hajj and Umrah pilgrims. He also thanked the Royal Commission for Makkah City and Holy Sites and the State Properties General Authority for their efforts in supporting the issuance of unified title deeds for the ....

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