VOL. XL

No. 32

11-August-1997

SAUDI ARABIA

Saudi Privatization

Saudi Arabia has taken a further step on the privatization road. At its weekly meetingon 4 August, the Saudi Council of Ministers agreed to a series of basic principles set outin a report presented by a special committee. The report recommended the following:Encouraging the private sector to invest and share in developing the national economy inorder to increase production and achieve prosperity; increasing individual shares in...