Middle East Economic Survey


No 29


Saudi Arabia

SWCC To Become Holding Company In Privatization Move

Saudi Arabias Saline Water Conversion Corporation (SWCC) is to become a holding company as part of moves to privatize the kingdoms desalination/power sector, the Minister of Water and Electricity, Abd Allah Husain, said on 5 July after chairing an SWCC board meeting. He added that advisers would be selected to study the financial, legal and technical aspects of the move, and...