Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

ASMO launches procurement services and begins operations at second warehouse in Saudi Arabia

…

Business

HID unveils next-generation FIDO Hardware and centralized management at scale

…

Doha Design District and VCUarts Qatar collaborate to foster sustainability through design

Peter Schmeichel Returns as SBC Awards 2025 Host as Finalists Are Announced

Facebook Twitter Instagram Pinterest
Latest posts:
  • ASMO launches procurement services and begins operations at second warehouse in Saudi Arabia
  • HID unveils next-generation FIDO Hardware and centralized management at scale
  • Doha Design District and VCUarts Qatar collaborate to foster sustainability through design
  • Peter Schmeichel Returns as SBC Awards 2025 Host as Finalists Are Announced
  • Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed
  • Dubai Duty Free achieves record sales in July 2025, with sales surpassing AED638mln (US$175mln)
  • SRC signs a real estate finance portfolio purchase agreement with Bank Albilad
  • Dubai welcomes Japan’s leading Udon Brand as Marugame Udon opens first UAE outlet at City Centre Deira
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    ASMO launches procurement services and begins operations at second warehouse in Saudi Arabia

    HID unveils next-generation FIDO Hardware and centralized management at scale

    Doha Design District and VCUarts Qatar collaborate to foster sustainability through design

    Peter Schmeichel Returns as SBC Awards 2025 Host as Finalists Are Announced

    Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » Enhancing Saudi Arabia’s connectivity through Public-Private Partnerships
Business

Enhancing Saudi Arabia’s connectivity through Public-Private Partnerships

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

Riyadh, March 2023: Oxford Business Group (OBG) presents a compelling narrative of a successful Public-Private Partnership (PPP) in its latest Global Platform video, produced in collaboration with the National Centre for Privatization & PPP (NCP). The video features insights from Mohannad Basodan, CEO of NCP, shedding light on the transformative impact of PPP initiatives in driving economic growth and infrastructure development in the Kingdom of Saudi Arabia, as well as Salman Badr, NCP’s Executive VP for Infrastructure Advisory.

Established in 2017, NCP has emerged as the key entity in promoting PPP initiatives as part of Vision 2030, Saudi Arabia’s roadmap for economic diversification and growth. Through proactive policymaking and strategic partnerships, NCP has facilitated the approval of the Private Sector Participation Law, grounding rules and implementing regulations, laying the foundation for sustainable economic development.

One of the Kingdom’s earliest PPPs, Madinah Airport showcases the effectiveness of PPP frameworks in generating investments and enhancing operational efficiency, as shown in the video. The strategic collaboration between the government of Saudi Arabia and the private investors has resulted in significant investment inflows, with over $1.2bn directed towards airport facilities. The private partner injected capital that modernised infrastructure but also improved management and operating practices, reflecting a commendable synergy between the public and private sectors.

The video highlights the substantial increase in passenger traffic, underscoring the success of the PPP model in enhancing connectivity. From 4.6m passengers in 2013 to 8.4 million by 2019, the 83% surge in passenger numbers at Madinah Airport demonstrates the tangible benefits of collaborative efforts in advancing transportation infrastructure.

In response to the challenges posed by the COVID-19 pandemic, NCP demonstrated resilience and adaptability in advancing PPP projects. Innovative solutions to mitigate the impact on the project were implemented through the creation of a task force in collaboration with relevant authorities, including the General Authority of Civil Aviation and the Ministry of Finance. The resulting agreement on a Deferred Revenue Mechanism and a Contract Extension enabled the private partner to negotiate a successful refinancing with its lenders to give it the necessary breathing space to recover. This mechanism exemplifies the government’s commitment to supporting its partners during challenging times.

Mohannad Basodan, emphasised the importance of collaboration and resilience in navigating complex economic landscapes. “Our partnership with the private sector is instrumental in achieving our national development goals. Through effective PPP frameworks and strategic investments, we aim to create a sustainable future for Saudi Arabia and its citizens,” he stated.

Salman Badr added that Madinah Airport serves as a success story on the type of approach the government should be taking in other PPP projects. “Traffic numbers have been phenomenal in the recovery since COVID-19 and we’re well on track to achieve Vision 2030’s targets for traffic within Madinah to reach 30m by 2030,” he highlighted.

Marc-André de Blois, OBG’s Director of Video Content, commended the collaborative efforts showcased in the Global Platform video. “The advances at Madinah Airport highlight the effectiveness of PPP collaborations in driving economic growth. We acknowledge Saudi government’s contributions and anticipate continued cooperation towards sustainable development,” he added, affirming the ongoing commitment to constructive engagement for long-term prosperity.

The Global Platform video featuring Mohannad Basodan and Salman Bader, is now available to view at: https://oxfordbusinessgroup.com/videos/global-platform/mohannad-basodan-ceo-national-center-for-privatization-ppp-ncp-and-salman-badr-executive-vice-president-for-infrastructure-advisory-ncp/ 

About Oxford Business Group

Oxford Business Group (OBG) is a global research and advisory company with a presence in over 30 countries, spanning Africa, the Middle East, Asia, and the Americas. It is recognised internationally as a distinctive and respected provider of on-the-ground intelligence on world’s fastest-growing markets, termed The Yellow Slice, in reference to OBG’s corporate colour. 

Through its range of products – Economic News and Views; OBG CEO Surveys; OBG Events and Conferences; Global Platform, which hosts exclusive video interviews; and The Report publications – as well as its Advisory division, OBG offers comprehensive and accurate analysis of macroeconomic and sector-level developments for sound investment opportunities and business decisions. 

OBG provides business intelligence to its subscribers through multiple platforms, including its direct subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv’s (previously Thomson Reuters) Eikon subscribers, and more.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

ASMO launches procurement services and begins operations at second warehouse in Saudi Arabia

Business

HID unveils next-generation FIDO Hardware and centralized management at scale

Business

Doha Design District and VCUarts Qatar collaborate to foster sustainability through design

Business

Peter Schmeichel Returns as SBC Awards 2025 Host as Finalists Are Announced

Business

Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed

Business

Dubai Duty Free achieves record sales in July 2025, with sales surpassing AED638mln (US$175mln)

Business

SRC signs a real estate finance portfolio purchase agreement with Bank Albilad

Business

Dubai welcomes Japan’s leading Udon Brand as Marugame Udon opens first UAE outlet at City Centre Deira

Stay In Touch
  • Facebook
  • Twitter
Business

ASMO launches procurement services and begins operations at second warehouse in Saudi Arabia

Dammam, Kingdom of Saudi Arabia: ASMO, a joint venture between Saudi Aramco Development Company and DHL,…

HID unveils next-generation FIDO Hardware and centralized management at scale

Doha Design District and VCUarts Qatar collaborate to foster sustainability through design

Peter Schmeichel Returns as SBC Awards 2025 Host as Finalists Are Announced

Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed

ASMO launches procurement services and begins operations at second warehouse in Saudi Arabia

HID unveils next-generation FIDO Hardware and centralized management at scale

Doha Design District and VCUarts Qatar collaborate to foster sustainability through design

Peter Schmeichel Returns as SBC Awards 2025 Host as Finalists Are Announced

Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (414)
  • Life (124)
  • Saudi Arabia (80)
  • Technology (75)
  • Uncategorized (1)
  • World (56)
    • Africa (11)
    • Asia (25)
    • Europe (5)
    • US (3)
Our Picks
Business

CyberSec Announces Exciting Expansion into the Middle East, Bridging the Cybersecurity Talent Gap

Business

Fine Hygienic Holding Celebrates EcoVadis Silver Rating Awarded to Al Nakheel Hygienic Paper Manufacturing LLC

Asia

Museum of the Future hosts Audi’s iconic S1 e-tron quattro Hoonitron – a race car like no other

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.