RIYADH: Saudi Arabia captured the world’s attention with its bold and ambitious agenda, Saudi Vision 2030. The current oil price crisis and economic stress is compelling the Kingdom to transform and is set to create the world’s biggest Sovereign Wealth Fund by welcoming international investments and privatizing state owned companies.

The industrial sector through government support and Saudization will play a key role in achieving strategic and economic goals of the country by developing and strengthening the manufacturing sector internationally.

Privatization of key sectors like Healthcare, Education, Postal Services, Airports, Cultural Tourism & Municipality services with significant private sector involvement through Public-Private Partnerships (PPP) are of prime focus.

“Usually PPPs are intended to make government services more efficient and reduce costs.  Unfortunately this does not always happen,” says Grahame Nelson Partner, head of office at Al Tamimi Law Firm, who are the forefront of providing legal solutions for companies looking at investing in the proposed privatization of various sectors within KSA.

The Saudi Privatization Summit 2016 organized by Nispana Innovative Platforms & Prince Abdulaziz bin Nasser Al Saud Center for Research and Strategic Studies is a 2-day senior management summit aimed at understanding the strategic objectives and performance targets of the Vision 2030 plan including the proposed IPO of the world’s largest oil company — Saudi Aramco.

Some of the key speakers at the summit include Dr. Khaled Mohammed Al Shaibani – Deputy Minister of Planning and Health Economy at the Ministry of Health, Mr. Timothy Callen — IMF Mission Chief for Saudi Arabia and Mr. Yassin Saeed Al-Suroor — Chairman, Saudi International Chamber of Commerce, who will be discussing the opportunities for FDI in various sectors of the Saudi Economy to realize the vision for a bright and vibrant saudi economy.

For more information please visit www.saudiprivatizationsummit.com