Saudi Arabia Working On 160 Privatisation, Says Finance Minister

PARIS, France – Saudi Arabia is working on 160 privatisations and intends to announce more next year, Finance Minister Mohammed al – Jadaan said on Thursday.

Speaking at a financial forum in Riyadh, he said plans to privatise assets in the education and logistics sectors were ongoing.

Earlier this year, Saudi Arabia suspended the privatisation of the Ras Al Kahir desalination and power plant, one of a number of state assets the government aimed to sell to reduce pressure on capital spending and diversify revenues away from oil.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s