VOL. XXXIX

No. 23

4-March-1996

SAUDI ARABIA

Saudi Minister Calls On Private Sector To Finance New Infrastructure Projects

The Saudi Minister of Industry and Electricity, Mr. Hashim ibn 'Abd Allah ibn Hashim Yamani, said last week at a conference in Bahrain that many of the new expansion projects in the Kingdom will have to be financed by the private sector and that users will have to pay for the resulting services. "The existing liquidity of the Saudi private sector is estimated at...