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Minister of Transport in Privatization Programs

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Transport Minister Dr. Nabil bin Mohammed Al-Amoudi said that the privatization program that adopted by Economic and Development Affairs Council Chaired by the Royal Highness Prince Mohammad bin Salman bin Abdulaziz Al Saud, the Crown Prince and Deputy Prime Minister and Minister of Defense represents a paradigm shift to improve the transport sector quality. Also, to raise the services level and quality through the modern managing infrastructure projects method through the partnership with the private sector in transport projects.

 

HE added that the privatization program sustainability will achieve a fair trading and a business approach that attract investors with the private sector and this is the most important program pillars. The ports transfer to companies and privatization some of the services in the transport sector and this will improve operational and logistical efficiency. Also providing more jobs opportunities and additional income for the national economy.

 

HE also pointed out that the privatization plan will make the Ministry focus on the transport sector entities regulatory and supervision roles. HE explained the privatization program on the transfer the ports to companies and reduce the waiting time of shipments will have a significant impact to raise the market value of these ports by 2030.

 

His Excellency stressed that the Ministry and all the transport sector entities ready to work on the plan, by improving transport system in the Kingdom to activate the private sector in the transport system projects, and this what makes the Kingdom becomes a global logistics hub and strengthen the sustainable economic and social development.

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Last updated: 1/13/2019 1:33 PM

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