Saudi Arabia to seek more private infrastructure investment
According to sources, Saudi Arabia is seeking more involvement by the private sector in the nation infrastructure program.
The kingdom is planning to take up more public-private partnership (PPP) projects and privatizations in order to enhance public transportation in the country.
Targets include increasing the private contribution in rail and port sector from 5 to 50 per cent, and from 30 to 70 per cent respectively.
Keith Miller, a director of advisory services at building consultancy Atkins said:
“These targets do suggest privatization. One way to attract investors into these sectors would be to link transport and logistics projects to real estate – allowing operators of metro or rail stations to develop land around them, for instance, as is done in Hong Kong. Creating logistics hubs, with adjacent areas for industry and warehousing will similarly help activate ports"
Country news
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