Article 1
Unless the context otherwise indicates, the words and terms of these Mechanisms shall have the same specified meanings as in the Law and the PSP Governing Rules, and the following words and terms shall have the meanings specified herein:
NCP: The National Center for Privatization.
CEO: The CEO of NCP
GCA: General Court of Audit.
Law: The Private Sector Participation (PSP) Law issued by Royal Decree No. (M/63) dated 05/08/1442 AH.
Implementing Regulations: The Implementing Regulations of the Law issued by NCP Board of Directors Resolution No. (09/2021) dated 23/04/1443 AH.
PSP Governing Rules: PSP Governing Rules issued by Council of Ministers Resolution No. (114) dated 14/02/1443 AH.
PSP Legal Framework: The Law, PSP Governing Rules, Implementing Regulations, NCP's Regulations, and any legal instruments issued thereby.
Supervisory Committees: The Supervisory Committee formed pursuant to the PSP Governing Rules, any amendments thereto or any legal instrument that supersedes these PSP Governing Rules.
Concerned Entity: Any Ministry, government entity, public body, public authority, entity with an independent public juristic personality, or agency concerned with PSP Projects or oversight thereof implemented in accordance with the Law. This shall include the companies whose PSP Contracts are subject to the Law.
PSP Projects Registry: A comprehensive central e-database that includes information and documents related to PSP projects.
Digital Platform: A platform for communication with PSP related parties through digital technology methods.
Liaison Officer: A natural person who undertakes coordination work between the Concerned Entity and NCP.
PSP: Public-Private Partnership or Divestment.
Cybersecurity: Protection of networks, information technology systems, operational technology systems, and their hardware and software components, services provided thereby, and data contained therein from any unauthorized penetration, disruption, modification, entry, use, or exploitation. Cybersecurity includes: information security, electronic security, digital security, etc.
