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ARTICLE · 26 JANUARY 2022

Saudi Arabia Approves Private Sector Participation Law Implementing Regulations

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The National Center for Privatization & PPP ("NCP") Board of Directors has approved the Private Sector Participation Law Implementing Regulations (the "Implementing Regulations").

Saudi ArabiaGovernment, Public Sector
Jonathan Brufal
Jonathan Brufal
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The National Center for Privatization & PPP ("NCP") Board of Directors has approved the Private Sector Participation Law Implementing Regulations (the "Implementing Regulations"). The Implementing Regulations are now a major component of the regulatory framework governing private sector participation ("PSP") in projects in the Kingdom of Saudi Arabia, which also includes the Private Sector Participation Law (the "PSP Law"), and the PSP Governing Rules.

The PSP Law, which came onto force on 24 July 2021, was promulgated by Council of Ministers' Resolution No. 436 dated 3/8/1442H (corresponding to 16 March 2021) and Royal Decree M/63 dated 5/8/1442H (corresponding to 18 March 2021). It made important changes to the legal and regulatory environment in which PPP and divestment projects are undertaken in the Kingdom, in order to facilitate the implementation of the "Privatization Program (Delivery Plan 2020): A Saudi Vision 2030 Realization Program" (the "Privatization

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