The Saudi Council of Ministers announced in March 2021 the introduction of the Private Sector Participation (PSP) Law. The PSP Law aims to increase private sector participation in infrastructure projects and in the provision of public services to citizens and residents, by supporting Public-Private-Partnerships (PPP) and the privatization of public sector assets.​ 

The PSP Law includes a number of legislative enablers that will enhance investor confidence in the PPP&P process, strengthen the enforcement of PPP&P contracts and ensure that the State will meet financial obligations arising from PPP&P contracts. In addition, the PSP Law addresses a number of specific challenges that PPP&P projects face in the Kingdom. It provides a framework for the public sector to participate directly in a project company while protecting the rights of the private partners. You can find the English translation of the official Arabic text of the PSP Law on the link below: 

Source:https://www.ncp.gov.sa/en/MediaCenter/News/Pages/Council_of_Ministers_Approves_PSP_Law.aspx