Saudi Arabia aims to secure about $55 billion out of this privatization plan, of which $16.5 billion in the form of public-private partnerships, Minister of Finance Muhammad Al-Jadaan said on Thursday.

Al-Jadaan the remarks during the high-level “G20 Infrastructure Investors Dialogue: Financing Sustainable Infrastructure for the Recovery” event which was attended by G20 finance ministers, international and regional organizations, and major investors and asset managers representing the private sector.

Al-Jadaan pointed out that the Kingdom has recently announced a privatization plan that includes a pipeline of 160 projects across 16 sectors, including asset sales and public-private partnerships.