Saudi Finance Minister: The Kingdom is preparing 160 privatization deals and...

Saudi Finance Minister: The Kingdom is preparing 160 privatization deals and...
Saudi Finance Minister: The Kingdom is preparing 160 privatization deals and...

Today, Thursday, Saudi Finance Minister Muhammad Al-Jadaan announced that the Kingdom is preparing 160 privatization deals and intends to announce more of these operations next year.

Speaking at a financial forum in Riyadh, the minister said, “plans to privatize institutions in the education and logistics sectors are on their way.”

Earlier this year, the kingdom suspended the privatization of the Ras al-Khair desalination and power plant, one of a number of state-owned assets the government has targeted to sell to reduce pressure on capital spending and diversify revenues, without relying on oil.

Source: Reuters

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