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Saudi PrivatizationIf Saudi Arabia gets this right, it will transform the economy, business culture and society of the Kingdom in a profound way by putting large parts of its corporate structure in private hands, hopefully igniting a spirit of entrepreneurship for the young generation who are its future, and bridging the gaps in state finance that have been opened up by the fall in the oil price. ...
Saudi PrivatizationOf the announced 2017 budget expenditures, the largest non-military and security items were slated for health and social development (SAR 120 billion), education and training (SAR 200 billion), and infrastructure and transportation (SAR 52 billion). ...
Saudi Arabia’s push toward privatization is a key component of the government’s ambitious Vision 2030 economic and social reform program, and necessary for the Kingdom’s goals of diversifying its economy away from petroleum revenue dependency. The news service Reuters provides a “factbox” list of Saudi Arabia’s sectors that are making progress toward privatization, and encouraging […]