The Privatization Program team has defined, in collaboration with relevant entities including Center for Strategic Development (CSD), and the entity responsible for jobs creation. The information and data supplied by the government agencies targeted for the privatization process were based on the following details:
- Regarding the contribution of the program to GDP, the CSD calculated this based on the information provided by entities. It should be noted that the key driver of the impact on GDP is non-governmental investment.
- As for the contribution to non-oil revenues, it has been calculated based on the information provided by owners of the privatization initiatives. The key driver on this scale is the expected revenues from the privatization.
- The contribution of the program to non-governmental investments has been calculated based on the information provided by owners of the privatization initiatives. The main driver of such impact is non-governmental investment.
- With regard to the contribution of the program to the creation of jobs in the private sector, the contribution of the program is derived from privatization projects (particularly PPP projects), where it is expected to create jobs. The Job Creation Commission has calculated the percentage of participation based on information and data received from the targeted parties of the privatization.
- Regarding the contribution of the program to local content, consumption rate and inflation rate, it was calculated by the National Center for Strategic Development (CSD) and the responsible entity for job localization.
Note that the 2016 baseline of all the above metrics is n/a (not applicable) as this is a new program and because the initiatives that constitute the Privatization Program are incremental in nature. For example, the public-private-partnerships (PPPs) that will be created through the PPP-related initiatives do not exist at present. Hence, their current impact on all metrics (such as GDP, job creation, etc.) cannot be determined. If these initiatives will not be executed, there will be no impact either. For the initiatives that are related to privatization of existing government entities, our impact calculation is equally incremental. In all metrics, we only capture the difference achieved through the privatization. If these initiatives will not be executed, there will be no impact.