VOL. XLIV

No 47

19-November-2001

SAUDI ARABIA

SEC Approves ElectricityRegulatory Authority

Saudi ArabiasSupremeEconomic Council on 11 November approved plans for the setting up of anElectricity Regulatory Authority.Industry andElectricityMinister Hashim Yamani announced earlier in the month that preparations toestablish the authorityhadreachedan advancedstage(MEES,12November).Speakingon12

November, Mr Yamani said the newbody would enjoy independent financing and administration and would be run by...