Thursday 25, October 2018 by Kudakwashe

Saudi Arabia to offer a series of privatisation deals by March 2019

 

Mohammed al-Tuwaijri, the Economy Minister did not give details of the deals but said the Government had received many expressions of interest from Asian and European companies.

Saudi Arabia has announced that it will offer international investors the chance to invest in a raft of privatisation deals from grains to healthcare and water desalination over the next six months.

In their definition of privatisation, Saudi officials include public-private partnerships to build and operate infrastructure as well as asset sales.

“From now until the first quarter of 2019 we have four opportunities in silos and grains, “added Al-Tuwaijri.

Last year, the economy minister estimated that the privatisation programme could raise about $200 billion in coming years, in addition to $100 billion which authorities aimed to raise by selling a stake in oil giant Saudi Aramco, reported Reuters.

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