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Tags: saudi | privatization | non-oil | revenues

Saudi Privatization Program Targets $10B Non-oil Revenues by 2020

Saudi Privatization Program Targets $10B Non-oil Revenues by 2020
(Vkilikov/Dreamstime)

Tuesday, 24 April 2018 10:56 AM EDT

Saudi Arabia aims to generate 35 to 40 billion riyals ($9-11 billion) in non-oil revenues from its privatization program by 2020 and create up to 12,000 jobs, according to a document published by the official news agency on Tuesday.

The initiative targets 14 public-private partnership investments worth 24 to 28 billion riyals and includes the corporatisation of Saudi ports as well as the privatization of the production sector at the Saudi Saline Water Conversion Corp (SWCC) and the Ras Al Khair desalination and power plant, the document showed.

© 2023 Thomson/Reuters. All rights reserved.


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Saudi Arabia aims to generate 35 to 40 billion riyals ($9-11 billion) in non-oil revenues from its privatization program by 2020 and create up to 12,000 jobs, according to a document published by the official news agency on Tuesday.
saudi, privatization, non-oil, revenues
88
2018-56-24
Tuesday, 24 April 2018 10:56 AM
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