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Saudi Arabia working on 160 privatisations, says finance minister

Reuters logo Reuters 11/25/2021
FILE PHOTO: Saudi Green Initiative Forum in Riyadh © Reuters/AHMED YOSRI FILE PHOTO: Saudi Green Initiative Forum in Riyadh

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.

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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.

(Reporting by Aziz El Yaakoubi; Writing by Davide Barbuscia; Editing by David Goodman)


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