VOL. XLII

No 51

20-December-1999

SAUDI ARABIA

Saudi Arabia Raises Electricity Tariffs And Moves Closer ToPrivatization

The Saudi Arabian Minister of Industry and Electricity, Dr.Hashim ibn 'Abd Allah bin Hashim Yamani, announced on 14 December that theKingdoms cabinet had approved the statutes of the joint stock SaudiElectricity Company (SEC), thereby launching the first stage of the powerprivatization process. In a statement published by the Saudi Press Agency,Dr. Yamani announced that the...