The National Center for Privatization & PPP (NCP) in Saudi Arabia has signed a cooperation agreement with Riyad Bank.

The reason behind the collaboration between the two parties, is the argument made by NCP that the banking industry is one of the most crucial strategic partners in the achievement of privatization and PPP (P&PPP). NCP made it clear that this partnership will encourage the bank's business clients to fund P&PPP projects in Saudi Arabia. This is one of NCP's initiatives to help banks assist P&PPP in providing finance and consulting services to key stakeholders, which will also have a favorable effect on attracting local and foreign investors.

NCP further stated that this agreement focuses on improving P&PPP investment prospects for domestic and foreign investors through involvement in market research and financial consulting, as well as domestic and foreign marketing, the organization of investor events, training, and competence building. Including, strengthening NCP's ability to provide P&PPP possibilities to the private sector in the 17 sectors that are being privatized successfully.