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Saudi privatisation programme: Targeting $11 bn in non-oil revenues by 2020

The government has said it plans to raise about $200 billion through privatisation in coming years as part of "Vision 2030" reforms that aim to transform the economy of the world's top oil exporter

Saudi Arabia Privatisation Programme

Reuters  |  Riyadh 

Saudi Arabia aims to generate 35 billion to 40 billion riyals ($9 billion to $11 billion) in non-oil revenues from its privatisation programme by 2020 and create up to 12,000 jobs, according to a document published by the official Saudi Press Agency on Tuesday. The initiative targets 14 public-private partnership (PPP) investments worth 24 billion to 28 billion riyals. It includes the corporatisation of Saudi ports and the privatisation of the production sector at the Saudi Saline Water Conversion Corp (SWCC) and the Ras Al Khair desalination and power plant, the document ...

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First Published: Wed, April 25 2018. 08:28 IST