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Arabia
Slow, stately tread of Saudi privatization
2003-11-03
Saudi Arabia’s investment chief on Monday slammed the slow pace of privatization in the Kingdom, saying that combined with failure to open major sectors to foreign investors, it was harming the economy more than any alleged terror threat. “None of the big sectors have been opened up yet, and in the case of sectors taken off the ‘negative list’, public sector monopoly holders are preventing new investors from coming into the market,” Prince Abdullah bin Faisal bin Turki told AFP.
Posted by:Fred Pruitt

#1  I heard they were thinking about privatizing swimming pool construction 2nd quarter next year.
Posted by: Super Hose   2003-11-3 9:23:35 PM  

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