Saudi private sector to take key role in infrastructure projects

The private sector is expected to take on a more significant role in the development of the Kingdom’s infrastructure to help ease the pressure on the government, the National Commercial Bank said in its report on Saudi Arabia’s government and private-financed infrastructure projects. The infrastructure sector has been prioritised by the government as a focal area of investment. The budgetary allocations in the 9th nine-year plan and the 2013 budget signifies the need for improved and expanded infrastructure facilities. Furthermore, the King’s royal decrees announcements in 2011 provided additional injections of expenditures towards infrastructure projects.