“It makes sense for these countries to sell stakes when valuations are good. Some of it is fiscal. Some of it’s a growing recognition of the speed of the energy transition and the need to realize value from these assets.”
-Justin Alexander, chief economist at MENA Advisors, commenting on the marketing of ‘crown jewels’ as Saudi Arabia, the United Arab Emirates, Qatar, Oman and Kuwait have all accelerated multi-billion-dollar plans to sell energy assets or issue bonds off the back of them. [Bloomberg]
