| B. Current Efforts |
A number of initiatives have been put in place to help change and address key challenges. These initiatives are as follows:
100+ privatization initiatives have been identified so far across 10 ministries.
Some initiatives are scheduled to be finalized by 2020 (e.g. sports clubs, grain silos, production sector of SWCC). These initiatives include privatization of both governments owned assets sale and PPP.
Council of Ministers Resolution number (665) of 08/11/1438H, has been issued to establish PSCs for each sector. The role of the PSC is to define the privatization strategy for the respective sector, to identify the best suitable privatization model, and to drive the actual implementation. This resolution will address a number of the major challenges mentioned above.
With the Resolution of the Council of Ministers No. 355 of07/06/1438H, the National Center for Privatization has been established and designed as a Center of Excellence to enable and govern the overall privatization process.
It can be said that there is a base of initiatives and projects on which the Privatization Program rely on in addressing key challenges.