Table 13: Summary of key sectors likely benefiting from and impacted by the National Transformation Program Sectors likely benefiting from NTP Rationale Petrochemicals With US$ 11bn being allocated to project development, downstream chemicals second largest focus of NTP; significant increase in natural gas availability (indigenous and imported); expansion opportunities Healthcare Volume growth opportunities for private healthcare providers (management contracts); private health insurance growing; participation in privatisations; significant increase in local pharmaceutical production Insurance (healthcare) Private insurance coverage to increase to 31mn from 10.5mn currently; rising availability of private healthcare facilities Real estate Higher home ownership targeted; improved access to financing/housing subsidies to both developers and buyers; volumes set to expand as NTP targets higher real estate sector growth; increased opportunities for private sector investment Consumer staples Demand growth from religious tourists; formalisation and Saudisation of retail sector; growth in locally produced poultry sales; longer-term private sector job creation Telecom Government spending US$2bn to enhance FTTH and Mobile networks; focus on increasing internet usage; religious tourism will boost demand Metals and mining Provision of new mining licenses; potential investment opportunities for international mining companies Defence Increased localization will cut imports, develop local industrial capabilities and create jobs Sectors likely negatively impacted by NTP _ Rationale Consumer discretionary Near-term squeeze on consumer disposable income and sentiment; increased competition as foreign entities given 100% ownership entitlement; development of Saudi postal system possibly a precursor to online shopping increase Petrochemicals Potential reduction in feedstock subsidies; potential for increased competition from international companies Real estate Land tax on white land co