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...
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