VOL. XLV

No 23

10-June-2002

SAUDI ARABIA

SEC Endorses Privatization Strategy, Approves Four Measures;Revenue To Offset $168Bn Debt

Saudi Arabias Supreme Economic Council(SEC) on 4 June endorsed the kingdoms privatization strategy and announcedfour specific steps to achieve its goals. SEC Secretary-General 'Abd al-Rahman al-Tuwaijri said the strategy comprised the objectives andpolicies of privatization, as well as its methods and regulations along withadministrative procedures to implement it....