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Jun 14, 2016

Transforming Saudi Arabia: National Transformation Program 2020 approved

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On 6 June 2016, the “National Transformation Program 2020” was approved by the Saudi Cabinet. This caps a frenetic few months of activity in the Kingdom that began with the approval of “Saudi Vision 2030” at the end of April, saw Ministerial changes and questions as to the role that Saudi Aramco and the Public Investment Fund (“PIF”) would play in the country’s plans to reduce its dependency on oil and diversify its economy by encouraging greater private sector participation, reducing public spending and promoting newly-established industries that would create new opportunities for the people of the Kingdom. Below we take an initial look at the National Transformation Program 2020 and the opportunities that may result in the Kingdom.

View full memo, Transforming Saudi Arabia: National Transformation Program 2020 approved

Authors and Contributors

Marwan Elaraby

Partner

Capital Markets

+971 2 410 8123

+971 2 410 8123

Abu Dhabi

Dr. Sultan Almasoud

Partner

Mergers & Acquisitions

+966 11 213 7801

+966 11 213 7801

Riyadh

Sanjarbek Abdukhalilov

Partner

Mergers & Acquisitions

+966 11 213 7802

+966 11 213 7802

Riyadh

Iain Elder

Partner

Project Development & Finance

+44 20 7655 5125

+44 20 7655 5125

+971 2 410 8100

+971 2 410 8100

London

Brendan Hundt

Counsel

Project Development & Finance

+966 11 213 7805

+966 11 213 7805

+971 2 410 8160

+971 2 410 8160

Riyadh

Matthew Powell

Partner

Mergers & Acquisitions

+971 2 410 8125

+971 2 410 8125

Abu Dhabi