VOL. XL

No. 51/52

22/29-December-1997

SAUDI ARABIA

Saudi Arabia Announces Corporatization Of PTT And Cuts Telephone Charges

Foreshadowing the publication of its budget for 1998, the Saudi Government has takenthe first step towards the privatization of one of its prize assets and at the same timehas further cut charges on local calls. The Minister of Information, Mr. Fuad ibn Abdal-Salam ibn Muhammad al-Farsi, told the official Saudi Press Agency on 16 December thatthe Council of Ministers had...