VOL. XLIV

No. 21

21-May-2001

SAUDI ARABIA

Saudi Arabia Moves To End Telecoms Monopoly

The Shura Council of Saudi Arabia announced on 14 May that it had approved a draft bill that will end the countrys telecoms monopoly and allow foreign investors into the sector. The bill, which will not become law until it has received government approval, allows for the establishment of new shareholding companies which could involve some form of foreign participation. Shura Council member 'Abd al-'Aziz...