© Reuters. FILE PHOTO: Saudi Minister of Finance Mohammed al-Jadaan gestures as he speaks during the Saudi Green Initiative Forum to discuss efforts by the world’s top oil exporter to tackle climate change in Riyadh, Saudi Arabia, October 23, 2021. REUTERS/Ahmed Yos
LONDON (Reuters) – Saudi Arabia is working on 160 privatisations and intends to announce more next year, Finance Minister Mohammed al-Jadaan said on Thursday.
Speaking at a financial forum in Riyadh, he said plans to privatise assets in the education and logistics sectors were ongoing.
Earlier this year Saudi Arabia suspended the privatisation of the Ras Al Khair desalination and power plant, one of a number of state assets the government aimed to sell to reduce pressure on capital spending and diversify revenues away from oil.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.