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|12 March, 2019

Saudi Arabia closes $3.5bln privatisation deals: Official

The kingdom has no less than 23 other privatisation transaction in the pipeline

Image used for illustrative purpose. A female Saudi pharmacist (R) dispenses medicines in Jeddah.

Image used for illustrative purpose. A female Saudi pharmacist (R) dispenses medicines in Jeddah.

REUTERS/Susan Baaghil

Riyadh – Mubasher: Saudi Arabia has sealed six privatisation deals in the last two months, with a total value of $3.5 billion (SAR 13.13 billion).

The completed projects include four water projects, one in healthcare, and one in transport.

“We are gearing up for a lot of transactions either in the process or in the pipeline and we want to make sure the process is done correctly,” CEO of the National Centre for Privatisation and Public-Private Partnership (NCP) Turki al-Hokail told Reuters on Tuesday.

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The kingdom has no less than 23 other privatisation transaction in the pipeline slated for conclusion by 2022.

Al-Hokail added: “The privatisation programme has so far awarded six projects in two months and is committed to its timetable and initiatives as per the delivery plan.”

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