FaceOf: Turki Al-Hokail, CEO of KSA's National Center for Privatization

Updated 27 April 2018
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FaceOf: Turki Al-Hokail, CEO of KSA's National Center for Privatization

  • He is a board member of the Saudi Aviation Holding Co.
  • Al-Hokail regularly contributes articles to the international and local press, is a frequent commentator on TV

On Tuesday, Saudi Arabia’s Council of Economic and Development Affairs (CEDA) approved a privatization program that aims to increase job opportunities for Saudi nationals, attract technologies and innovations, and support the country’s economy.

The National Center for Privatization (NCP), the body responsible for implementing the big state sell-off program, released details of its privatization plan after proposals were signed to transfer ports, hospitals, desalination plants, schools and sports clubs to the private sector. 

Turki Al-Hokail is the CEO and a board member of the NCP, reporting directly to CEDA and leading Vision 2030’s privatization goals and program. 

He is a board member of the Saudi Aviation Holding Co., a board member of the General Authority of Customs and a member of the International Association for Energy Economics. Prior to that, Al-Hokail served as an assistant deputy minister of Commerce and Investment for Foreign Trade. 

He also served as a senior economic adviser at the General Secretariat of the Council of Ministers, as a senior adviser to the Supreme Economic Council at the Royal Court, a consultant at the World Bank, a senior manager of the Economic Research Studies Department of the MENA region at Banque Saudi Fransi and affiliate of Crédit Agricole CIB, and manager of the Economic Studies Department at the Saudi British Bank (SABB), an affiliate of HSBC Holdings Plc.

Al-Hokail regularly contributes articles to the international and local press, is a frequent commentator on TV and a regular participant in trade and economic conferences. He has published more than 150 reports on Saudi and regional economies in trade issues, business confidence indices and real estate/housing indices. 

He is a senior fellow at the Harvard Kennedy School, Harvard University. Al-Hokail gained his M.A in international commerce, economics and public policy from George Mason University. 

He holds an executive certificate in strategic transformation policies from London Business School, an executive certificate in creativity and innovation management from Harvard Business School, and an executive certificate in negotiation and conflict management from the US Institute of Peace.


Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

Updated 18 December 2018
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Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

A royal decree by Saudi Arabia’s King Salman ordered the continuation of allowances covering the cost of living for civil sector employees for the new fiscal year on Tuesday.

The decree states that 1,000 Saudi riyals ($266) would be given to citizens on a monthly basis.  This will continue for one year until the study of the social protection system is completed.

Saudi Arabia also announced plans to increase state spending by more than seven percent next year in an effort to spur economic growth, which has been hurt by low oil prices, according to a 2019 budget released by the finance ministry.