Riyadh – Mubasher: Saudi Arabian General Investment Authority (SAGIA) revealed that the privatisation of flour mills will be conducted during the third quarter of 2019.
In Q1-19, six public-private partnership (PPP) agreements have been awarded with a value of more than $3.5 billion, SAGIA said in a recent statement.
Contract of Dammam independent sewage treatment plant has been awarded to an alliance led by Metito Group, while a consortium led by Japan’s Marubeni Corporation won the deal for Shuqaiq 3 desalination plant project.
In addition, a consortium led by French Veolia won the contract for Jeddah 2 independent sewage treatment plant, whereas the deal for Rabigh 3 desalination project has been awarded to an alliance led by ACWA Power.
The kingdom’s privatisation deals in Q1-19 include dialysis project contract awarded to Diaverum and Davita, along with the cargo terminal contract won by Singapore’s SATS.
In Q2-19, Saudi Airlines Medical Services Co is expected to be privatised.
SAGIA aims to implement 23 privatisation initiatives by the end of 2020 to reach 100 initiatives by 2030.
In addition, the kingdom is expected to enter into agreements with the private sector to build, own, operate, and transfer (BOOT) educational buildings in Q1-20.
It is noteworthy that the Saudi government plans to finalise privatisation agreements valued at SAR 2 billion ($533 million) before the end of 2019, the kingdom’s crown prince, Mohammed bin Salman, told Asharq Al-Awsat newspaper.
