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FINANCIAL NEWS
Saudi to allow health, education sectors to full foreign ownership
27 Aug 2017
(MENAFN) Saudi Arabia will permit foreign investors to take 100 percent ownership of firms in its health and education sectors, to ease ownership restrictions on global firms.
Meanwhile, in the health sector, the ministry will be a regulator and not a service provider, which will open up USD180bn of investment chances in the sector through the coming five years.
Furthermore, the government seeks to spread the economy beyond oil exports amid a slump in oil prices, while it was launching a privatization program that would raise more than USD200bn.
Recently, the government is studying whether to sell off all public hospitals and 200.000 pharmacies and has started the process for the King Faisal Specialist Hospital.
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MENAFN2708201700450000ID1095775731
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