VOL. XLV

No 46

18-November-2002

SAUDI ARABIA

Saudi Arabia Announces Plans To Privatize 20 Economic Sectors

The Saudi Arabian cabinet has approved plans to privatize state-owned operations in 20 important economic sectors following a meeting chaired by King Fahd according to the Saudi Press Agency (SPA), which published a list of targeted sectors and companies on 11 November. The move, which is seen as a bid to kick-start the governments long-awaited privatization program and to tackle its...