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FINANCIAL NEWS
4-point program to increase Saudi’s privatization drive
07 Mar 2016
(MENAFN) Saudi Arabia is going through an important phase as it pursues a path of economic diversification of its economy, and the gov’t plans wide ranging reforms.
Moreover, it also aims to open up many sectors of the economy involving airports, municipalities, health care and education for private sector participation.
However, the Kingdoms is starting its road in weak global macro-economic environment, with slowing global increase and a risk of global decline.
In addition, while global need for infrastructure is growing, with USD 57tr of extra investment required by 2030, there is no pipeline of “investable” projects.
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