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  • Saudi Arabia’s $16b water pipeline expansion is one big privatization play in making

    For its privatization plans, Saudi Arabia is not thinking – or taking - half-measures. If anyone needs confirmation, check out the kingdom’s utility sector… and specifically, the water side of it. “All desalination plants will become standalone production companies as part of our privatization strategy,” said Abdullah Bin Ibrahim Al-Abdlkareem, Governor of Saline Water Conversion Corporation (SWCC) and Chairman of newly formed Water Transmission and Technologies Co. (WTTC).

  • Mills sale heralds new era for privatization in Saudi Arabia

    Saudi Arabia has hailed a new era for food security in the kingdom as the country seeks to complete the privatisation of its milling industry. The Minister of Environment, Water and Agriculture, Abdulrahman A Al-Fadley, applauded the "historic" event as Saudi Arabia’s state grain buyer Saudi Grains Organisation (SAGO) said the second and final stage of the bidding process for its mills had started.

  • Saudi Arabia approves listing of state assets planned for privatization

    Saudi Arabia’s government approved on Tuesday the listing of government assets planned for privatisation on its stock market. “Assets, sectors and services planned for privatisation shall be listed on the Saudi stock market through direct or indirect initial public offering (IPO),” the government said in a statement carried by the state news agency SPA.

  • Privatization
    Saudi Arabia’s privatization goals fall short on progress

    One example is the plan to privatise Riyadh airport, which has been put on hold since 2018. Officials at the time described the move as a first step towards “corporatisation” of the kingdom’s second-busiest transport hub. However, people familiar with the plan have said it was halted because it started to look more like a concession, in which a company is granted a long-term lease to manage an airport, rather than selling it to the private sector.

  • Privatization
    SWCC privatization gets Cabinet’s nod

    It is noteworthy that SWCC is the largest water desalination company in the world and also the second largest electricity power producer in the Kingdom. The state-owned company is responsible for almost 60 percent of desalination in the Kingdom, which is the largest producer of desalinated water in the world.

  • Privatization
    Saudi Arabia’s $10bn privatization push gears up

    Saudi Arabia’s privatization push is set to shift gear this year with plans to raise as much as $10 billion through state assets sales by 2020, according to a new report.

  • Privatization
    Saudi economy minister: 5 sectors prepared for privatization in Q1 2019

    Saudi Arabia’s Economy Minister said on Wednesday five sectors are prepared for privatization in the first quarter of 2019. The comments by Mohammed Al-Tuwaijri came at a post-budget news conference, a day after the government announced a $295 billion budget, the Kingdom’s biggest ever.

  • Mining and Minerals
    Analysis: Ma’aden is a model of economic growth through privatization

    The Saudi Arabian Mining Company (Ma’aden) is an excellent example of how a successful government-private sector partnership can deliver strong results that stimulate economic growth, job creation, and industrial diversification, Darren Davis, the company’s President and CEO, said on Thursday.

  • Privatization
    Saudi says it will offer series of privatization deals by March

    Saudi Arabia will offer international investors the chance to invest in a raft of privatization deals from grains to healthcare and water desalination over the next six months, Economy Minister Mohammed al-Tuwaijri said on Thursday.

  • Afghanistan
    Erik Prince, in Kabul, pushes privatization of the Afghan war

    Prince’s appearance in Afghanistan, along with interviews he has given over the past several weeks, coincided with a perception that the war, again, is going badly.